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.”
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