Curaleaf's Boris Jordan Predicts Major Turnaround For Cannabis In 2024
Portfolio Pulse from Patricio Liddle
Boris Jordan, founder of Curaleaf Holdings Inc (OTCQX:CURLF), predicts a major turnaround for the cannabis sector in 2024 after a challenging 2023. Growth catalysts include New York's move to adult use, Germany's shift to medical cannabis, and a potential Florida transition. Rescheduling cannabis in the U.S. could reduce tax burdens and unlock financial resources. Curaleaf's TSX uplift and expected custodianship by major banks aim to overcome investment barriers. Federal action on rescheduling by April next year is anticipated.

December 27, 2023 | 9:05 pm
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POSITIVE IMPACT
Curaleaf Holdings Inc could see a positive impact in 2024 due to potential regulatory changes, market expansion, and improved investment dynamics following its TSX uplift and anticipated custodianship by major banks.
The article directly mentions Curaleaf Holdings Inc and its executive chairman's positive outlook for 2024, highlighting regulatory changes and market expansions as key growth drivers. The potential rescheduling of cannabis in the U.S. could significantly reduce tax burdens and attract institutional investment, which would likely have a positive impact on Curaleaf's financials and stock price. The company's recent uplift to the TSX and expected custodianship by major banks are also seen as positive developments that could facilitate investment and improve stock ownership structures.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100