The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, increased 2% in May.
The North American Marijuana Index is a combination of the U.S. Marijuana Index and the Canadian Marijuana Index.
U.S. Marijuana Index
The U.S. Marijuana Index increased 7% in May. Constituents on the U.S. Marijuana Index experienced mixed results for the month, with nine companies increasing and eight companies decreasing. Two companies saw outsized gains: CV Sciences Inc.
The month was highlighted by MedMen
The average trading volume of constituents on the U.S. Marijuana Index decreased 18% in May compared to April.
Canadian Marijuana Index
The Canadian Marijuana Index decreased 1% in April, its second consecutive month of declines. The month started with Aurora Cannabis’
Constituents on the Canadian Marijuana Index experienced mostly negative results for the month, with 15 of the Index’s 24 constituents decreasing for the month.
Meanwhile, Canada’s stock market experienced mixed results in May, with the S&P/TSX Venture Index, Canada’s leading small-cap index, decreasing 2.6% while the S&P/TSX Index increased 2.9%.
The average trading volume of constituents on the Canadian Marijuana Index decreased 5% in May.
The Marijuana Index: The Marijuana Index tracks the leading cannabis and hemp stocks operating in the United States and Canada. It offers investors the tools and information they need to monitor the public markets in this growing industry. The Marijuana Index is owned and managed by MJIC, Inc. The Marijuana Index is for informational purposes only. Inclusion in the Marijuana Index is not an endorsement or recommendation for any company. For more information, please visit www.marijuanaindex.com.