Cannabis Stocks Rocketed Higher in August
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 also was off to a bad start in 2025. It posted a new all-time of 4.97 during the last day of March and moved lower in early April. The index expanded 11.5% in April pulled back by 7.0% during May and by 3.8% in June before rallying by 6.0% in July. In August, it ended at 7.74, soaring 45.5%.
After the Q4 collapse of 21.8% to 6.88, the index dropped 26.9% in Q1 and then just 0.2% in Q2. The Global Cannabis Stock Index, which currently has 23 members, is up 54.2% in Q3 and up 12.5% in 2025.
Since the peak in February 2021, the Global Cannabis Stock Index has dropped 91.6% from the 92.48 closing high.
The strongest 3 names in August all rose by more than than 102%:
TLRY is up a bit now in 2025, while VFF is up big. TCNNF has gained 69.8% year-to-date.
The 3 weakest names in August all fell by more than 2%:
Each of these stocks is down year-to-date, especially IPW.
We will summarize the index performance again in a month. In April, we combined what had been two articles historically, and we are updating here on the other indices that New Cannabis Ventures continues to maintain, the American Cannabis Operator Index, the Ancillary Cannabis Index and the Canadian Cannabis LP Index.
In August, the ACOI gained 116.4%, rising from 6.97 to 15.08. It is up 80.4% year-to-date, rising from 8.36.
The strongest stock in August was Verano Holdings (OTC: VRNOF) (CSE: VRNO), which rose 200.3%. The weakest one, Jushi Holdings (OTC: JUSHF) (CSE: JUSH), which rose 34.3%.
In September, the index would will increase to ten members, with Ascend Holdings (OTC: AAWH) (CSE: AAWH.U) and Planet 13 (OTC: PLNH) (CSE: PLTH) rejoining.
In August, ancillaries climbed higher by 21.9% as the index rose dropped 11.02 to 13.43. The index has declined 2.5% from 13.77 in 2025 so far.
The strongest stock in August was GrowGeneration (NASDAQ: GRWG), which rose 81.8%. The weakest one, Scotts Miracle-Gro, fell 7.2%.
In September, the index will have an additional member, as NewLake Capital (NLCP) did qualify again.
In August, Canadian LPs soared by 31.8% as the index rose from 56.25 to 74.16. The index has gained 48.0% in 2025 so far from 50.11.
The strongest Canadian LP in August was Tilray Brands, which rose 139.2%. Adastra Holdings (CSE: XTRX) was the weakest, falling 30.6%.
In September, the index would will have the same dozen members.