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