S&P, Toronto Stock Exchange launch cannabis indices
MJ Biz reports
Two indices tracking the performance of cannabis companies on North America’s largest stock exchanges have launched in recent months, demonstrating a growing level of mainstream interest in the burgeoning industry.
The first to launch was the Standard & Poor’s/MX International Cannabis Index on Nov. 18, 2019.
The index measures the performance of cannabis firms trading on the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), New York Stock Exchange (NYSE) or Nasdaq, according to a notice by TMX Group, which owns and operates the TSX and TSXV.
“Through our collaboration with TMX, we’re giving market participants a simple way to dissect and analyze this growing market segment,” Joseph Kairen, senior director for S&P Dow Jones Indices, said in a news release.
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