Viridian Capital Advisors Specializes In Financial And Consulting Services For Marijuana Businesses.

Cannabis Stock Index Grew 236% In 2016 However, some stocks on major exchanges are considered ancillary businesses to the marijuana industry, including agriculture technology, real estate, security and consulting services. Viridian Capital Advisors specializes in financial and consulting services for marijuana businesses. They also have developed the Cannabis Stock Index, Green Rush which follows about 50 publicly traded legal marijuana companies. All must meet the following criteria: A $10 million market capitalization An average daily trading volume of at least $20,000 A float (outstanding shares) of at least 25 percent Financial reports filed on time for at least the last six months Among the stocks tracked include GW Pharmaceuticals and Zynerba Pharmaceuticals. Viridian plans to launch a cannabis Exchange Traded Fund at some point in the future. One issue blocking that is insufficient liquidity with some of the stocks including in the index, requiring frequent rebalancing within the index. Thats something that the company hopes will change as the industry grows, said Viridian CEO Scott Greip, according to MarketWatch. Still, the Cannabis Index offers some insight into how marijuana investors are doing. Index Movements Tracking these stocks, Viridian now issues a weekly report on the status of the index. They found that after a flat first half of 2016, the Cannabis Index rose sharply in the second half of 2016 as legalization votes in a number of states got closer and then were approved by voters. Those gains included almost 31 percent in the third quarter and 155 percent in the fourth quarter.

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