The U.S. marijuana stock index fell over 10% after Trump’s Press Secretary Sean Spicer said he believes we’ll see “greater enforcement” of federal marijuana laws.
On Tuesday, February 21st, just two days before Spicer’s comments, the U.S. marijuana stock index was at 81.30, according to MarijuanaIndex.com. On Friday, the day after Spicer’s remarks, the index dropped to 72.80, a decrease of slightly over 10%.
As of Monday the market had a slight (and we stress slight) increase, moving up to 73.20.
Despite the recent dip, the index is still considerably higher than it was at its recent low point of 64.30, which was on December 19th, the day of Trump’s inauguration.