U.S. Marijuana Stock Index Cut in Half and then Some Since Trump Elected President

The U.S. Marijuana Index has dropped drastically since Donald Trump was elected president.

On November 7th, the day of the general election, the U.S. Marijuana Index was at 108.75; this was not too far from the market’s all-time high of 126.35 (which was on January 16th, 2015). Eight and a half months later, as of the end today’s market, the index has dropped over 50% to 51.79.

According to MarijuanaIndex.com: “The U.S. Marijuana Index tracks the leading cannabis stocks operating in the United States. Constituents must have a business strategy focused on the marijuana or hemp industry, and are required to meet our minimum trading criteria.” The Index is “equal-weighted and rebalanced quarterly.”

Read moreU.S. Marijuana Stock Index Cut in Half and then Some Since Trump Elected President

U.S. Marijuana Stocks Drop to Lowest in Over Six Months

With continuing uncertainty over how the Trump Administration will handle the conflict between state and federal cannabis laws, marijuana stocks continue to drop.

The U.S. Marijuana Index dropped to 61.02 at the close of today’s market. This marks the lowest the index has been since October 2nd of last year, when the market was at 57.93.

The market’s current value is a 44% decrease from the market’s high over the past year of 110, which came on October 31st; this was just eight days prior to the presidential election, and at a time when most polls showed Hillary Clinton as the front-runner. The highest the market has ever been is 126.35, over twice what it is currently; this number was reached at the close of the market on January 16th, 2015.

Read moreU.S. Marijuana Stocks Drop to Lowest in Over Six Months

Canadian Marijuana Stocks Drop 26% in Less than Three Weeks

Canada marijuana stocks are on the decline.

On April 10th the Canadian Marijuana Index reached 359.19, the highest it’s ever been. This was thanks in large part to a single-day jump of 12%, and a jump of roughly 20% in less than three weeks. Since that jump Canada’s marijuana stocks have been on the decline; many contribute this to the vague nature of the legalization plan put forth by the Canadian government.

At the close of today’s (April 27th) market, the Canadian Marijuana Index was at 265.77. This is a 26% decrease in just 17 days, and marks the lowest the market has been in over a month; the previous low was 261.72 on March 21st.

Read moreCanadian Marijuana Stocks Drop 26% in Less than Three Weeks

U.S. Marijuana Stocks Reach 40-Day Low, Near Six-Month Low

U.S. marijuana stocks continue to fall.

The U.S. Marijuana Index fell to 68.21 at the close of today’s market. This is the lowest the market has been since March 14th when it was at 66.84, and is barely above the six-month low point of 64.30 on December 19th, the day of President Trump’s inauguration. The high within that 40-day period came on March 29th, when it was at 75.97.

The high for the U.S. marijuana stock index over the past six-months came on October 31st when it was at 110, over 50% higher than it is now. This was shortly prior to the election, when everyone was predicting a strong victory by then-candidate Hillary Clinton. The highest the market has ever been is 126.35, which came at the close of the market on January 16th, 2015, over two years ago.

Read moreU.S. Marijuana Stocks Reach 40-Day Low, Near Six-Month Low

Canada Marijuana Stocks Jump 12% in One Day, Now at All-Time High

After a large single-day jump, the Canadian Marijuana Stock Index is now the highest it’s ever been.

Recently we reported that the Canada Marijuana Index rose over 20% in less than three weeks; from 261.74 on March 21, to 319.90 last Friday. At the close of today’s market, the index had one of its largest single-day jumps ever, going from 319.90 to 359.19, a 12.3% increase.

355.97 marks the highest the Canada Marijuana Index has ever been (The Marijuana Index began tracking the market in January of 2015). The previous high was 348.35, which came on November 18 of last year.

Read moreCanada Marijuana Stocks Jump 12% in One Day, Now at All-Time High

Canadian Marijuana Stocks Rise Over 20% in Less than 3 Weeks

Canadian marijuana stocks are on the rise.

Canadian Marijuana StocksFollowing anger with the government’s lack of speed in implementing marijuana legalization, the Canada Marijuana Index hit a three-month low on March 21 at 261.74, slightly higher than the previous low of 258.47 on December 21. However, since March 21, the market has seen a steady increase, including an almost 10% increase on March 27 to 295.41 following the announcement that marijuana will likely be legal throughout the country by July 1 of next year.

11 days later, and the market has continued to climb. The market jumped from 287.73 on April 4, to 319.90 at the close of yesterday’s (April 7) market. The total increase from March 21 to yesterday is 22%.

Read moreCanadian Marijuana Stocks Rise Over 20% in Less than 3 Weeks

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

Canada Marijuana Stocks Rise Almost 10% Following Report Marijuana Will be Legal by July 1, 2018

Canada marijuana stocks had a significant increase following a report that cannabis will be legal by July of next year.

Canada Marijuana StocksThe Canada Marijuana Index was at 270.68 on March 25th, the day before the report that the country’s legal marijuana industry is expected to get underway next year. At the closing of today’s market, a day after the announcement, the index grew 9.14% to 295.41.

Although 295.41 is as high as the index has been in three weeks, it’s still well below the 3-month high of 344.57, which came on February 21st. The 3-month low came last week on March 21st, when the index dropped to 261.74.

Read moreCanada Marijuana Stocks Rise Almost 10% Following Report Marijuana Will be Legal by July 1, 2018

U.S. Marijuana Stocks Down 35% Since Trump Elected as President

Marijuana stocks in the United States have taken a substantial hit since Donald Trump became president.

Marijuana StocksOn November 7th, the day before the presidential election, the U.S. Marijuana Index was at 108.76. As of March 26th, that number has dropped 35% to 69.96. This is slightly higher than the 3-month low of 66.84 which came on March 14th.

The high for the U.S. Marijuana Index over the past two years came on October 31st, 2016, when it was at 110.

Read moreU.S. Marijuana Stocks Down 35% Since Trump Elected as President