You are here

Home 🌿 Marijuana Business News 🌿 Marijuana Index Gets Lit Up Ahead of California Proposition 64 Vote 🌿

Marijuana Index Gets Lit Up Ahead of California Proposition 64 Vote

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Mon, 10/17/2016 - 09:19

The North American Marijuana Index has gained 105% over the past three months, buoyed by expectations that California and several other states could vote to legalize recreational weed this November.

The North American Marijuana Index closed at $125.53 on Friday, down 5.6%. The index finished higher for the week and has tripled since the beginning of the year.

Top gainers on Friday included General Cannabis Corp (CANN), Grow Condos Inc. (GRWC) and MassRoots Inc. (MSRT).

The Marijuana Index, which began trading in January 2015, includes just 23 stocks out of nearly 200 in the industry. To be included in the cannabis index, companies must have a market capitalization of at least $10 million, daily trading volume of $20,000 and a stock price above 10 cents. The average stock on the index has a market cap of $263.9 million, according to CNBC.

California, which is home to...

READ MORE: 
Economic Calendar
e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 
Region: 
California

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.