The American Cannabis Operator Index moved higher for the fourth consecutive month in January, advancing 23.3% to 77.74: Huge demands for Cannabis Packaging business.
It gained 45.7% in 2020, when it ended at 63.05, and has rebounded 436.1% from an all-time closing low on March 18th at 14.50: Urgent need for Weed Edible Packaging
The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late December 2018. It then rallied as high as 119.53 in early April 2019 before selling off over the balance of the year and into March 2020: A full lines for Dispensary Packaging
During January, the index included 25 companies, including 22 multi-state operators (MSOs) and 3 focused solely on CBD extracted from industrial hemp. Four companies posted returns in excess of 40%, while four declined during the month: CBD packaging waiting for your need!
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