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.
On April 20, 2017, the National District Attorneys Association announced that it had released “Marijuana Policy: The State and Local Prosecutors’ Perspective,” a white paper that argues federal drug policy should be enforced in state-legal marijuana markets in the United States.
On April 19, 2017, the California Supreme Court Committee on Judicial Ethics Opinions advised judges in California that holding a financial interest in any marijuana-related venture, whether medical or recreational, would violate the California Code of Judicial Ethics.
On April 20, 2017, Quinnipiac University announced the results of its latest national poll and found that 60% of American voters believe marijuana use should be legalized in the United States, the greatest level of federal legalization support ever recorded by Quinnipiac.