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.
- Doubts Raised Over Marijuana’s Medical Benefits
- Study Finds Alcohol is Worse for Your Brain Than Cannabis
- Here’s Why the Vermont Government Redirected Marijuana Program Revenue
- New Brunswick Cannabis Stores to Have Refined Design Elements
- Connecticut Lawmakers Vote on Starting Recreational Marijuana Discussions
The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, increased 18% in January.
The New Mexico Medical Cannabis Program started 2018 on a high note, with the most enrolled patients it has ever had. As the month of January came to an end, the program had 47,840 registered patients, a nearly 50% increase from January 2017.
Oregon’s cannabis market has been scrutinized over the past year and with the recent release of a state cannabis audit, scrutiny of the state’s cannabis tracking and licensing systems has intensified.