As we described in an article released earlier, the Global Cannabis Stock Index moved lower again in January, falling 7.3%. It was down 15.2% in 2024.
In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator Index, Ancillary Cannabis Index and Canadian Cannabis LP Index. The index that had been the strongest since the DEA was asked by the Department of Health & Human Services in late August to reschedule cannabis has been very volatile since then and was down again. Ancillary, which was the strongest sub-sector in 2024, fell slightly, while Canadian LPs fell just a bit too despite weakness in the two largest names.
American Cannabis Stocks Index
The American Cannabis Operator Index peaked last April on potential rescheduling news and sank for the rest of 2024. In January, it experienced…
