Cannabis stocks, as measured by the Global Cannabis Stock Index, were quite volatile in 2024 and have been in 2025 as well. The index dropped 7.5% in December to push the yearly close down 15.2% for the year and also was off to a bad start in 2025. It posted a new all-time of 4.97 during the last day of March and moved lower in early April. The index expanded 11.5% in April, but ended Q2 down from there, closing at 5.02. Q3 was strong with gains in July and August, and September, which started with a pullback, ended up with another gain until the last-day pullback. The index ended up declining just a bit in September. In October, it pulled back more substantially, falling 11.1% to 6.83.
After the Q4 collapse of 21.8% to 6.88 at the end of 2024, the index was down a lot in Q1 and then marginally in Q2. The Global Cannabis Stock Index, which currently has 28 members, was down 27% year-to-date in June. After the rally in…
