Cannabismarketcap Cannabis Index™
The definitive benchmark for the publicly traded cannabis sector
Market-cap-weighted daily change across 94 constituents
Sector Sub-Indices
Market Statistics
Top 10 Constituents
| # | Ticker | Price | Change |
|---|---|---|---|
| 1 | JAZZ | $178.55 | -1.66% |
| 2 | SMG | $60.96 | +0.96% |
| 3 | CURLF | $2.36 | +2.83% |
| 4 | TPB | $90.62 | +0.69% |
| 5 | GTBIF | $6.56 | +7.01% |
| 6 | IIPR | $52.66 | -2.34% |
| 7 | TCNNF | $6.40 | +4.92% |
| 8 | CRON | $2.50 | +0.81% |
| 9 | TLRY | $6.89 | -1.57% |
| 10 | MSOS | $3.82 | +1.33% |
Showing top 10 of 94 constituents by market capitalization. View all stocks →
Sector Allocation
Index Methodology
The Cannabismarketcap Cannabis Index uses a market-capitalization-weighted methodology, the same approach used by major benchmarks like the S&P 500 and NASDAQ Composite. Each constituent's influence on the index is proportional to its total market value.
Formula: The composite daily change is computed as the sum of each company's daily percentage change multiplied by its weight in the index (company market cap / total index market cap). This means larger companies like major MSOs have a proportionally greater impact on the index than smaller-cap names.
Rebalancing: The index is continuously rebalanced as market capitalizations change throughout the trading day. Constituents are automatically added or removed based on their active trading status.
Sub-indices: Five sector sub-indices (MSO, LP, Ancillary, Biotech, CBD) are calculated using the same methodology applied only to companies within each sector classification.
Why This Matters
The cannabis industry lacks a widely recognized, transparent benchmark index. Unlike traditional sectors that are tracked by the S&P, Dow Jones, or MSCI, cannabis companies are spread across multiple exchanges (NASDAQ, NYSE, OTC, CSE, TSX) and jurisdictions, making it difficult for investors to gauge overall sector performance at a glance.
The Cannabismarketcap Cannabis Index fills this gap by providing a single, continuously updated composite that captures the full spectrum of publicly traded cannabis companies — from multi-billion-dollar MSOs to early-stage biotech firms. This enables investors, analysts, and journalists to answer a simple but critical question: "How is the cannabis sector performing today?"
By offering sector sub-indices, we also make it possible to compare performance across different business models. Are MSOs outperforming licensed producers? Is the biotech segment seeing momentum? These are the questions that drive capital allocation decisions in a rapidly evolving industry.
How to Use This Index
- 01Benchmark your portfolio: Compare your cannabis holdings' performance against the composite index to see if you're outperforming or underperforming the sector.
- 02Identify sector rotation: Use the sub-indices to spot capital flowing between MSOs, LPs, and ancillary companies. Divergences between sub-indices often signal shifting investor sentiment.
- 03Replicate the index: Use the constituent weights table to build a portfolio that mirrors the Cannabismarketcap Cannabis Index. Focus on the top 10 holdings, which typically represent the majority of the index weight.
- 04Evaluate ETFs and funds: Compare cannabis-focused ETFs against the Cannabismarketcap Index to assess tracking accuracy and manager skill.
- 05Monitor market sentiment: The gainers/losers ratio and overall index direction provide a quick read on whether institutional and retail capital is flowing into or out of cannabis equities.
Frequently Asked Questions
What is the Cannabismarketcap Cannabis Index?
The Cannabismarketcap Cannabis Index is a market-capitalization-weighted composite benchmark that tracks the performance of all actively traded public cannabis companies. It provides a single number that represents the overall health and direction of the cannabis sector.
How is the Cannabismarketcap Cannabis Index calculated?
The index is calculated using a market-cap-weighted methodology. Each company's daily percentage change is multiplied by its market capitalization weight (its market cap divided by the total market cap of all constituents). These weighted changes are then summed to produce the composite index change.
What are the sub-indices?
The Cannabismarketcap Cannabis Index includes five sub-indices that track specific segments of the cannabis industry: MSO (Multi-State Operators), LP (Licensed Producers), Ancillary (equipment, technology, and services), Biotech (pharmaceutical and research companies), and CBD (hemp-derived CBD companies). Each sub-index uses the same market-cap-weighted methodology applied to its constituent companies.
How often is the index updated?
The Cannabismarketcap Cannabis Index is updated throughout the trading day, with constituent data refreshed approximately every two minutes during market hours. After-hours data reflects the most recent closing prices.
Can I invest directly in the Cannabismarketcap Cannabis Index?
The Cannabismarketcap Cannabis Index is a benchmark for informational purposes and cannot be directly invested in. However, you can use the index and its constituent weights to construct a portfolio that mirrors the index, or use it as a benchmark to evaluate the performance of cannabis-focused ETFs and funds.
What qualifies a company for inclusion in the index?
Companies must be publicly traded on a recognized exchange (NASDAQ, NYSE, OTC, CSE, or TSX), operate primarily in the cannabis industry or derive a significant portion of revenue from cannabis-related activities, and have an active trading status. Companies are classified into one of five sectors: MSO, LP, Ancillary, Biotech, or CBD.