Cannabis stocks have been on an absolute tear in the past month as investors are optimistic that marijuana will soon be legalized at the federal level in the U.S. Curaleaf (CURLF) stock has surged nearly 90% year-to-date, making it the top performer among pot stocks tracked by Barchart.
The rally intensified on Monday after President Trump suggested marijuana reclassification could happen within weeks and praised CBD's potential for senior healthcare. The broader market responded enthusiastically, with the largest traded marijuana ETF, the AdvisorShares Pure US Cannabis ETF (MSOS), climbing 28% in its best day since 2022.
