Cannabis stocks, as measured by the Global Cannabis Stock Index, were quite volatile in 2024. The index dropped 7.5% in December to push the yearly close down 15.2% for the year and had a bad start in 2025. It posted a new all-time low on the last day of February, when the index fell 6.9% to 5.94:
After the Q4 collapse of 21.8% to 6.88, the index dropped 7.3% in January. The Global Cannabis Stock Index is now down 13.7% in 2025 and has dropped 30.5% over the past year:
Since the peak in February 2021, the Global Cannabis Stock Index has dropped 93.6% from the 92.48 closing high:
The strongest 3 names in February all rose by more than 10%:
Aurora Cannabis ran up a lot after it reported its fiscal Q3 in early February. Jazz Pharma posted a new two-year high. Turning Point Brands, another company that operates beyond just the cannabis sector, hit an all-time high.
The 3 weakest names in February all fell by more than 30%:
Agriforce rejoined the index at year-end and was hammered to a new all-time low. Verano sunk to a new all-time low as well. Tilray Brands also posted a new all-time low this month.
We will summarize the index performance again in a month and discuss the quarterly rebalancing for Q2. You can learn more about the index members and the qualifications for inclusion by visiting the Global Cannabis Stock Index. Be sure to bookmark the page to stay current on cannabis stock price movements within the day or from day-to-day.
New Cannabis Ventures maintains four proprietary indices designed to help investors monitor the publicly-traded cannabis stocks, including the Global Cannabis Stock Index as well as the Canadian Cannabis LP Index. The American Cannabis Operator Index, was launched at the end of October 2018 and tracks the leading cultivators, processors and retailers of cannabis in the United States. More recently, we introduced the Ancillary Cannabis Index at the end of March 2021, reflecting the increasing number of publicly-traded companies providing goods or services to cannabis operators.
