I am not aware of any commentators who analyze the different marijuana sector categories and compare their respective performances with each other which does not convey an insight into the true health of the sector so this article has pulled it all together to give you just that. 

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This article is an update of an April 20th article on the performance of 7 ancillary companies, with market capitalizations of at least US$300M, that provide goods and services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs) and compares its performance with those of 4 other cannabis stock categories.

The 7 companies that make up the constituents of the non-tradable munKNEE Ancillary Pot Stock Index were DOWN -5.1% in November, on average, and are now DOWN -10.4% since the end of May and performed as follows in November (with their performances since the end of May in brackets), in descending order:

1. Hydrofarm Holdings Group Inc. (HYFM), a manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories, was UP +2.4% in November (DOWN -46.9%).
2. Innovative Industrial Properties Inc. (IIPR), a real estate investment trust engaged in the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities, was DOWN -2.2% in November (UP +42.7%).
3. Scotts Miracle-Gro Company (SMG), a marketer of consumer lawn and gardening products and, through its subsidiary Hawthorne Gardening, is a leader in hydroponic and indoor growing products for the cannabis industry, was DOWN -2.5% in November (DOWN -33.9% since the end of May).
4. Turning Point Brands Inc. (TPB), a manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America, was DOWN -3.9% in November (DOWN -11.1%).
5. AFC Gamma (AFCG), a real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators, was DOWN -7.9% in November (DOWN -6.0%).
6. Forian (FORA), provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance and was DOWN -16.2% in November (DOWN -14.7%).
7. GrowGeneration Corp. (GRWG), a retailer of organic nutrients and soils, advanced lighting technology, and state-of-the-art hydroponic equipment to commercial and home growers in 53 retail stores in the U.S., was DOWN -22.5% in November (DOWN -63.2%).

In Conclusion

The munKNEE Ancillary Pot Stock Index was DOWN -5.1% in November compared to:

1. the munKNEE Conservative Pot Stocks Index (see details here) which was UP +0.02%,
2. the munKNEE Pure-Play American MSO Pot Stock Index (see details here) which was DOWN -4.9%, 
3. the munKNEE Pure-Play Canadian LP Pot Stock Index (see details here) which was DOWN -9.2%, and
4. the munKNEE Pure-Play Marijuana Drug Stocks Index (see details here) which was DOWN -13.2%.

You are encouraged to click on the hyperlinks to become even more fully informed.