The Global Cannabis Stock Index has seen an over 10% increase in value since the start of the year.
At the time of publication the Global Cannabis Stock Index stands at 8.90. This marks a 10.8% increase over where the market stood on January 2, when it was at 8.03.
Despite seeing an increase from the start of the year, the market is actually down around 0.8% from the last time we reported its value roughly a month ago.
The Global Cannabis Stock Index, launched in 2013, represents the overall publicly-traded market for the medical and legal marijuana sector since 2013. To be included in the Index each stock must have an average daily trading value in excess of $500k with a minimum price of at least $0.50 (10-day average).
Non-U.S. companies must have a U.S. listing in order to be included. The dollar-volume threshold for non-U.S. companies includes both U.S. and non-U.S. volume, but there is an additional requirement that the daily average U.S. dollar-volume be in excess of $300K.
Although the current market value is a 18% increase over where the market stood six months ago (potentially attributable to the DEA’s ongoing rescheduling review), it remains 21% lower than the high during that period of 11.50 reached on September 11.
