Curaleaf: Another Example Of How Sector Expansion Lifts Cannabis Stock Prices
Investing.com | Jun 29, 2021 13:09
Curaleaf Holdings (OTC:CURLF) (CSE:CURA) was one of the best performing cannabis stocks last week, gaining almost 10%, and underlining yet again that expansion is still the name of the game among marijuana growers.
The bump in Curaleaf’s stock price came as a result of World Drug Report 2021. It found that approximately 200 million people around the world now regularly consume the drug. That works out to be about 4% of the world’s population.
The report also found that marijuana use is up about 18% in the last decade, with North Americans leading the gain. According to the report, 14.5% of the population in North America consume some form of the weed.
The report also recommends that UN member states impose a ban on advertising and promoting cannabis, a similar move that it has taken towards tobacco.
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