Why Curaleaf's Shares Are Down Wednesday

Cannabis retailer Curaleaf (OTC: CURLF) saw its shares drop more than 11% on Wednesday before bouncing back a bit in the late afternoon. The stock has been sliding for the past couple of weeks, but a lot of cannabis stocks fell Tuesday and Wednesday after Senate Minority Leader Mitch McConnell (R-Ky.) criticized an effort to make the SAFE Banking Act part of the National Defense Authorization Act, a defense spending bill. "If Democrats wanted these controversial items so badly, they had two years to move them across the floor," McConnell said.