Canada Marijuana Stock Index Rises 126% in One Month, Over 1,100% in Less than Two Years

As Canada inches closer to legalization, the nation’s Marijuana Index continues to rise at a rapid pace.

The Canadian Marijuana Stock Index has risen drastically over the past 30 days, going from 419.11 on December 4th, to 950.26 at the close of today’s market (January 3rd). This represents an 126% increase in just one month, one of the largest single-month increases ever seen for the Canadian marijuana stock market. A stat that’s equally impressive, however, is that the market has jumped roughly 365% in less than six months, going from 204.40 on July 10th, 2017, to 950.26 today. A little over a year prior, on March 28, 2016, the Canadian Marijuana Stock Index was at just 74.85; today’s index represents an over 1,100% increase.

The Canadian Marijuana Index “tracks the leading cannabis stocks operating in Canada”. Constituents must “have a business strategy focused on the marijuana or hemp industry”, and are also “required to meet our minimum trading criteria. The Index is “equal-weighted and rebalanced quarterly”.

Read moreCanada Marijuana Stock Index Rises 126% in One Month, Over 1,100% in Less than Two Years

Canada Marijuana Stocks Up 290% From One Year Ago

With cannabis soon to be legalized throughout Canada, the nation’s marijuana stocks continue to rise at a rapid pace.

Canada Marijuana Stocks
A chart of the Canadian Marijuana Index over the past year.

The Canadian Marijuana Stock Index has risen nearly 300% in just a one-year period, an incredible increase that is due in no small part to the country stepping towards the establishment of a legal marijuana industry; according to a recent report, marijuana should be legal throughout the country by July of next year.

Exactly one year ago, on March 28, 2016, the Canadian Marijuana Stock Index was at 74.85. Now, at the end of today’s (March 28, 2017) market, the index is at 291.94, a 290% increase.

Read moreCanada Marijuana Stocks Up 290% From One Year Ago