Curaleaf Stock Will Surge If Schumer's Marijuana Bill Passes

This bill will influence the way marijuana is seen around the country while still giving the states room to enforce their own positions on marijuana.

It has taken plenty of back-and-forth within Congress to get to this point. Now, however, the "missing ingredient" of Senate passage appears more likely than ever.

That's great news for the cannabis industry, but there's one marijuana stock that stands out above the rest.

And this bill could be the catalyst it's been waiting for…

Why Curaleaf Stock Is Set to Pop

Curaleaf Holdings Inc. (OTCMKTS: CURLF) is the largest U.S.-based cannabis firm. It hails from Massachusetts but operates in 23 states so far.

Currently, the company runs 96 retail dispensaries, 23 cultivation sites, and 30 processing plants. With control over the product from cultivation to in-store sale, Curaleaf has significant flexibility in how it operates.

Curaleaf has been setting up shop in states that are legalizing cannabis. With full, federal legalization, it has an opportunity to expand even further.

It's already made smart front office moves to expand its portfolio. The company has made 14 acquisitions in just the last four years. This has added more than half of its dispensaries, cultivation sites, and processing locations.

As a result, Curaleaf is hard to beat when it comes to market exposure. The potential market for this company consists of over 190 million people. And there is still plenty of room to grow as the pot is decriminalized nationwide.

The MORE Act could enable Curaleaf to ship its product across state lines. It will also give the company more access to banking and potential listing on major exchanges.

Moving from over-the-counter to the NYSE or Nasdaq could be huge for pot stocks. That's a likelihood for Curaleaf with this new law.

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