In September, the Global Cannabis Stock Index closed low on 9/30 and ended the month down 25.9%, wrote Alan Brochstein, CFA and founder of New Cannabis Ventures and 420 Investor.

Cannabis Companies Affected

According to New Cannabis Ventures, the strongest 4 names in September all fell:

Innovative Industrial Properties (NYSE: IIPR): -3.5%
Chicago Atlantic Real Estate Finance (NASDAQ: REFI): -5.6%
Cronos Group (NASDAQ: CRON) (TSX: CRON): -7.5%
Turning Point Brands (NYSE: TPB): -9.0%

“Innovative Industrial Properties fell the least, but it lost 19.5% during Q3 and is down 66.3% year-to-date. Chicago Atlantic, and IPO from late 2021, fell just 4.3% during Q3 and is down just 13.5% year-to-date,” according to Brockstein. “Cronos Group was unchanged during the quarter and is down 28.1% year-to-date. Turning Point …

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