New York City-based OTC Markets Group (OTCQX:OTCM) has launched a new index tracking marijuana stocks on its OTCQX Best Market.
Called the OTCQX Cannabis Index, it officially made its debut on Tuesday (June 4) with an initial list of 30 marijuana stocks.
“The exponential growth in publicly traded cannabis securities underscores the willingness of these companies to provide efficient trading and enhanced disclosure for investors,” Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, said in a press release.
In order to qualify for the marijuana index, companies need to trade on the OTCQX, identify as a cannabis operation and meet “a minimum liquidity screen.”
According to the exchange, there were a total of 56 cannabis-related securities trading on the OTCQX at the end of last month.
“The OTCQX Cannabis Index provides another tool for the investing public to better identify, measure