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The North American Marijuana Index tracks the leading stocks operating in the legal cannabis industry in the United States and Canada. The North American Marijuana Index is broken down into two country sub-indices: the U.S. Marijuana Index and the Canadian Marijuana Index. Each constituent is assigned to either the U.S. Marijuana Index or the Canadian Marijuana Index based on where their business operations are primarily focused.

All three indices began on January 2, 2015 with an inception value of 100.00 points. The indices are equal-weighted, giving the same importance to each stock in the index. The indices are rebalanced quarterly, occurring on the last day of March, June, September, and December of each year. Between rebalancing dates, the indices deviate from an equal weighting.

The Marijuana Index is managed by MJIC, Inc. which has full authority regarding listing approvals and adjusting the Index and its methodology. Inclusion in the Marijuana Index is not an endorsement or recommendation for any company.

Eligibility Criteria

Business Strategy Focused on Marijuana or Hemp

Companies must have a business strategy focused on the legal marijuana industry, which includes companies that directly handle marijuana as well as ancillary companies that support marijuana-touching companies and consumers. The term marijuana includes all forms and applications of the marijuana or cannabis plant, including hemp and derivatives of the plant, but does not include synthetic cannabinoids. Constituents must have more than 50% of their operations focused on the marijuana industry.

Applicable Exchange

Companies must trade on one of the following exchanges:

North American Marijuana Index - NYSE/AMEX, NASDAQ, OTCQX, OTCQB, TSX, TSX Venture, CSE
U.S. Marijuana Index - NYSE/AMEX, NASDAQ, OTCQX, OTCQB
Canadian Marijuana Index - TSX, TSX Venture, CSE

Minimum Trading Standards

Companies must meet minimum trading requirements to be included on our indices. Each company is assigned a daily Trading Score based on a weighted average of its volume, market capitalization, and share price. To be included on our indices, companies must achieve a quarterly average Trading Score of 20, which equates to a minimum market capitalization of $80 million, daily trading volume of $2 million and share price of $1.00. Companies with at least $5 million of revenues over the prior year are exempt from the above trading requirements. All dollars in $USD.


For more detail on our marijuana stock indices, please review The Marijuana Index Methodology

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THE MARIJUANA INDEX METHODOLOGY