The munKNEE.com pure-play* Pot Stock Index (PSI) of cannabis stocks that trade for more than US$1/share was up 5.6% on Monday. 19 of the 25 constituents advanced, 3 declined, 3 experienced no change in price, and 2 of the 3 associated sector categories advanced as well. The details are as follows:

Biggest Winners

• 10 constituents went UP 5%, or more, namely:
  1. Trulieve (TCNNF) +14.4%
     • announced that it had partnered with Connective Human, for their TruVet Program, throughout the month of August, to inform veterans regarding the accessibility, benefits, and uses of medicinal cannabis.
  2. Canopy Growth (CGC) +7.8%
     • released their Q1 financial results today. See TalkMarkets article here. 
  3. Charlotte's Web (CWBHF) +7.5%
  4. cbdMD (YCBD) +7.4%
  5. Cresco (CRLBF) +6.9%
  6. Tilray (TLRY) +6.8%
  7. Valens (VLNCF) +6.1%
  8. Village Farms (VFF +5.9%
  9. Organigram (OGI) +5.5%
  10. Curaleaf (CURLF) +5.0%

• 9 other constituents went UP by less than 5%.
• 3 constituents had no change in price.

Losers

• 3 constituents went DOWN, on average, by 0.9%.

Further details regarding the equal-weighted Pot Stock Index are as follows:

1. *The 25 pure-play constituents in the munKNEE.com PSI are just that - pure - deriving 100% of their revenue from the sale of cannabis or cannabis-related products. As such, unlike every marijuana ETF (see this TalkMarkets article) and every other cannabis tracking index (see this TalkMarkets article), the PSI  excludes  "wanna-be" companies that generate little, if any, of their total revenue from the cannabis industry so as to reflect the true health of the marijuana industry in the U.S. and Canada. Such excluded companies are GW Pharmaceuticals (GWPH), Arena Pharmaceuticals (ARNA), Abbvie, (ABBV), GrowGeneration (GRWG), Scotts Miracle-Gro (SMG), Innovative Industrial Properties REIT (IIPR), New Age Beverages (NBEV), Alcanna (LQSIF) and Alkerna (KERN).

2. The average market capitalization of the munKNEE.com PSI is US$963M.

3. In addition, the constituents operate in 3 categories based on their primary area of focus in the cannabis industry and the constituents within each category are identified below with how each of the categories did:

• The Vertically Integrated (i.e. Seed-to-Sale) Category consists of 22 companies that grow, process, and sell cannabis and hemp flower and related products and it advanced 2.7% on Monday.
  • the 8 constituents that are Canadian Licensed Producers (LPs) advanced 4.6%, on average, on Monday.
    • ACB; APHA; CGC; CRON; OGI; ROMJF; TLRY and VFF
  • the 11 constituents that are U.S. Multi-State Operators (MSOs) advanced 6.5%, on average, on Monday.
    • ACRGF; AYRSF; CCHWF; CRLBF; CURLF; GTBIF; JUSHF; PLNHF; SHWZ; TRSSF and TCNNF
  • the 3 constituents that are only involved in the seed-to-sale of CBD from hemp advanced 6.5%, on average, on Monday.
    • AVCNF; CWBHF and YCBD
• The Extraction Category consists of companies focused on the extraction of cannabis compounds and their infusion into consumer products and it advanced 5.1%, on average, on Monday.
  • the 2 constituents in this category are NEPT and VLNCF 
• The Consumption Devices Category consists of companies focused on developing and selling personal consumption devices for cannabis consumers such as vape pens and inhalers. It declined 2.2% on Monday. 
  • the 1 constituent in this category is GNLN

You have shown a serious interest in the cannabis sector by reading this article to the very end so don't stop here. Check out the following exclusive articles posted recently on TalkMarkets for more information on the marijuana market that is not to be found anywhere else, namely:

1. "Marijuana" ETFs: A Troubling Expose 
2. Cannabis Central: American MSOs Have Dramatically Outperformed Canadian LPs Year-To-Date and
3. Cannabis Central: These 8 Pot Stocks Have Gone Down 40% To 60% YTD

Please express your views or questions regarding this article in the comment section below.