MJIC Inc. has added five new companies to the U.S. Marijuana Index as a result of its quarterly rebalancing. In order for a company to be in the index, they have to have a weighted average minimum market capitalization of $30 million, daily trading volume of $600,000 and a share price that is at least 10 cents. Companies with over $5 million in revenue per year are exempt from these requirements.
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On Aug. 11, 2017, the Oregon Liquor Control Commission announced that it had issued a clarification on prohibited cannabis strain names in the state. The rules are intended to prevent strain names from appealing to minors and from misleading consumers.
On Aug. 9, 2017, the National Hispanic Caucus of State Legislators announced that it had adopted a resolution that advises the Trump Administration to federally decriminalize cannabis.
On Aug. 10, 2017, the New York State Department of Health revealed new regulations for the state’s medical marijuana program. The improved regulations were made in an effort to expand the program, aiming to create a more positive experience for all parties involved.