He writes . American Cannabis Stocks Drop 13.1% in May, The index, which launched at the end of October with a value of 100, traded as low as 70.64 in late December after having reached a closing high of 124.16 in early November. It has now rebounded 34.9% from the December 24th low and is up 23.3% in 2019. During May, the index included 27 companies, including 21 multi-state operators (MSOs) and 6 focused solely on CBD extracted from industrial hemp. Several MSOs are pursuing CBD strategies apart from their state-licensed cannabis businesses. Just 2 companies managed double-digit gains, while 17 posted double-digit losses, including three that lost more than 30% of their value…

Read more at https://www.newcannabisventures.com/american-cannabis-stocks-drop-13-1-in-may/