CURLF - Why U.S. Marijuana Stocks Like Curaleaf and Green Thumb Tanked Today
Stocks seen to be more speculative and risky investments had a tough time of it in Monday's market swoon. Exhibit A: U.S. marijuana companies, who took it on the chin not only from a flight to perceived quality, but also due to a handful of negative developments in their sector.
Two of those companies, multistate operators (MSOs) Curaleaf Holdings (OTC: CURLF) and Green Thumb Industries (OTC: GTBIF) , both plummeted by around 8% on the day -- a far steeper rate than even the S&P 500 index's stumble.
Taken separately, none of these developments was overly damaging to the marijuana industry . Collectively, though, they added up to a bummer that encouraged some investors to find the exit.
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Why U.S. Marijuana Stocks Like Curaleaf and Green Thumb Tanked Today