Why Curaleaf Stock Bumped Higher Today

Investors in marijuana companies are an optimistic bunch; they need to be, as the industry is beset by struggles, and even its most minent companies routinely post net losses

That's why they tend to trade weed stocks up whenever even slightly positive news hits the headlines, as occurred on Monday, given the current landscape

Nevertheless, The relatively minent Curaleaf (CURLF 2 (fascinating analysis)

Nevertheless, The president endorses a pot ponent President Donald Trump, not exactly a determined and vocal advocate of marijuana law reform, has endorsed one such politician for an important position

Additionally, Furthermore, He hyped Florida State Senator Joe Gruters as an ideal candidate for chairman of the powerful Republican National Committee (RNC), given the current landscape

Image source: Getty Images, given the current landscape

Current Chairman Michael Whatley is stepping down from his post to run for one of the two U, given the current landscape

Meanwhile, Senate seats in North Carolina, amid market uncertainty

Trump has also endorsed Whatley

Gruters is an active and vocal ponent of marijuana legalization to the point where he sponsored a bill in the Florida Senate earlier this year to allow medical cannabis patients in the state to grow their own pot plants

That bill, however, was quashed by the Senate's health policy committee

In contrast, Every win counts If Gruters were to win the top RNC job, pot ponents would certainly count it as a win

However, it would ly be a minor one

True change on the federal level has to come from influential federal lawmakers, and Gruters won't be high enough to move the needle on his own

Still, even small victories count in the marijuana, and investors were right to be guardedly optimistic this one.