13 April 2017

MJ biz headline their daily alert with the warning

Cannabis investment climate warming, but big investors not writing checks

Yet directly below that story they say the following, so obviously someone is writing checks !!

Three cannabis companies raise over $7 million


And yes they may all be smoking the stuff over at Variety but cannabis isn’t usually a lead story in the publication

Cannabis Industry Attracts More Mainstream Investors as Business Grows

Much like the independent movie biz, the cannabis industry attracts investors looking for high-risk, high-reward investments, and as marijuana goes more mainstream, so does the funding mechanisms for the industry’s businesses. Just recently, numerous investment firms have cropped up, announcing themselves as major entities in the billion-dollar industry.

Meanwhile over at Forbes they are recording the  % rise of the Marijuana Index over the last 12 months

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.

The United States Marijuana Index has jumped from a level of 48.39 a year ago to the current level of 70.83, an increase of 46%. “The first quarter of 2017 saw the cannabis stock market settle from the previous fall’s elections, with average daily volatility and volume for the constituents on the North American Marijuana Index decreasing 67% compared to the fourth quarter of 2016,” said Dan Nicholls, Vice President. “Overall, the Canadian Marijuana Index increased 7% and the U.S. Marijuana Index decreased 1% in the first quarter.”

More at https://www.forbes.com/sites/debraborchardt/2017/04/12/here-are-the-5-stocks-added-to-the-u-s-marijuana-index/#763bf0db52e7