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 ManifestSeven. 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. To be included on our indices, companies must achieve a quarterly average Trading Score of 20, which equates to a minimum market capitalization of $200 million and daily trading volume of $2 million. Companies with at least $20 million of run rate revenues 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
THE MARIJUANA INDEX METHODOLOGY