The American Cannabis Operator Index, which is dollar-denominated and based upon the prices of the U.S. listing for each member, is rebalanced monthly, with each member weighted equally at that time. The index includes companies that grow, process or sell cannabis products, including those derived from industrial hemp. Companies must file with the SEC or the securities regulator in the country of their primary listing.

For the 09/30/24 rebalancing, each stock was required to have an average daily trading value in excess of $100,000 as of 09/26/24, down still from the $200,000 in the U.S.  level that was in effect from October 2021 to September 2022. From the inception of the index in 2018 through 10/31/21, the minimum had been $100K. Stocks included must trade at a minimum of $0.25. Companies with primary listings in other countries must have a U.S. listing in order to be included. The company must generate at least $1 million in quarterly revenue from its U.S. cannabis operations, and cannabis revenues must comprise at least 50% of the company’s overall revenue, to be included in the index.

The American Cannabis Operator Index included 9 companies as of 10/31/24.