Trade the Cannabis index
Get exposure to top cannabis stocks using CFDs.
- Trade the top 15 publicly listed companies
- Index weighted by market capitalisation
- Margins from 10%
- Go long or short
- Spreads from 6 pts
Will Cannabis stocks heat up?
The cannabis industry ignited in 2018 following Canada’s legalisation of the drug for recreational use. Now, industry experts are optimistic about the prospects of more countries exploring decriminalisation, with some experts predicting the industry to hit a $102 billion valuation by 2026.
However, the ongoing repercussions of the Covid-19 pandemic continue slow progress. Stocks in cannabis companies fell by 72% in 2022, despite wider legalisation across more US states. In December 2022, President Joe Biden called for agencies to reclassify cannabis, and it remains to be seen whether US Congress moves to decriminalise the drug.
Quick facts on the Cannabis index
No. of stocks: | Market hours: | Spread: |
|---|---|---|
15 | 14:30 - 21:00 | from 6 pts |
What’s next for Cannabis stocks?
While certain states have relaxed their rules on cannabis in recent years, cannabis is still federally illegal in the US.
Meanwhile, Canada legalised recreational cannabis usage in 2018, which led to multiple marijuana companies to go public and fly high. These Canadian cannabis stocks are a common way for traders to gain exposure to the legal marijuana market, which some expects anticipate will grow 18% year-on-year to 2027.
Stay up to date on the latest news and cannabis stock movements with help from our team of expert analysts.
How to trade the Cannabis index
If you think big tech is overrated and is headed for a correction, then you could sell or short the Cannabis index.
If you agree with those that say cannabis stocks are overvalued in comparison with traditional metrics, you may want to sell or go short on the Cannabis index.
If, on the other hand, you believe that the US will relax its laws further or that the sector has room to drive strong growth, you could buy or go long on the Cannabis index.
Remember, as with all our other trading instruments, our Cannabis charts are easily accessible on any device and come with technical indicators and drawing tools as standard.
Ways to trade the Cannabis index
Desktop | Mobile | |
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