TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

It has been predicted by Prohibition Partners that the Oceania region will be worth A$1.55B by 2024, with 79% of that being comprised within Australia so The Green Fund, a global research house with a focus on the cannabis industry, has created the Australian Cannabis Index.

The equal-weighted index is denominated in Australian dollars (go here to convert prices into other currencies) and includes all 16 publicly-traded companies in Australia allowing investors to compare current price levels with past prices to calculate market performance and the health of the Australian cannabis industry.

Only one of the index constituents trades for more than A$1/share and that company Ecofibre Ltd. is also the only company with a market cap over A$800M. 5 other companies have market caps between A$50M and A$100M. Below is a full list of the index constituents:

1. Ecofibre (OTCPK: EOFBF: ASX: EOF)
2. Cann Group (OTCPK: CNGGF; ASX: CAN)
3. AusCann Group (OTCPK: ACNNF; ASX: ACB)
4. Elixinol Global (OTCPK: ELLXF; ASX: EXL)
5. MGC Pharmaceutical (OTCPK: MGCLF; ASX: MXC)
6. Althea Group (ASX: AGH)
7. Zelda Therapeutics (ASX: ZLD)
8. Botanix Pharmaceuticals (ASX: BOT)
9. Impression Healthcare (ASX: IHL)
10. Little Green Pharma (ASX: LGP)
11. The Hydroponics Company (ASX: THC)
12.  IDT Australia (ASX: IDT)
13. MedLab Clinical (ASX: MDC)
14. Bod Australia (ASX: BDA)
15. EVE Investments (ASX: EVE)
16. Creso Pharma (ASX: CPH)

How To Buy A Stock Not Listed on a U.S. Stock Exchange

The problem for many investors is that, more often than not, a broker will say that they are not able to execute orders to buy stocks trading on foreign stock exchanges. Any broker who says that is actually confessing that he/she doesn't know how to buy such stocks and is too lazy to find out how to do so and provide the service and expertise you are paying him/her for.

All you need do is visit the company's web site (or do a google search using the company's name and the words "CUSIP number"), get the stock's CUSIP number and give it to your broker to enable him/her to execute your order.

More information on the CUSIP approach can be found in TalkMarkets' exclusive article, Advice For Americans On Buying Cannabis Stocks Listed On Foreign Exchanges.