Curaleaf (OTC: CURLF) holders got a nice present from their investment on the last trading day before Christmas -- a double-digit share-price pop. Thanks to the latest effort on the legislative front, marijuana stocks like Curaleaf did rather well on the day, with the multi-state operator's (MSO) share price vaulting 10% higher.
Various media outlets reported that a clutch of lawmakers directly lobbied President Biden in yet another try to push forward with U.S. marijuana reform.
Twenty-nine senators and representatives sent a letter to the president detailing a set of reasons why the drug should be rescheduled, a move that would make it de facto legal on the federal level. The signees included Senators Elizabeth Warren and Cory Booker, in addition to Representatives Katie Porter and Matt Gaetz.
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Why Curaleaf Investors Were Fired Up on Friday