munKNEE.com tracks the performance of four (4) cannabis/cannabis-related pot stock categories. Below is a comparison of how each sub-category performed over the first 3 weeks of May and YTD, and in total.

1. The Cannabis-Centric BioPharma Stock Index of 7 constituents tracks the stock performance of those clinical-stage biopharmaceutical companies involved in the exclusive development of drugs using CBD and THC and have a Market Capitalization of US$50M or more.
   • It is +7.8% during the first 3 weeks of May and is +6.4% YTD with an average Beta of 2.9 and an average Market Capitalization of US$109M.
   • Its constituents are: Corbus (CRBP), Zynerba (ZYNE), MGC (MGCLF), Revive (RVVTF), Zelira (ZLDAF), Tetra Bio (TBPMF) and Enveric (ENVB).
2. The American Pure-Play Multi-State Operators Pot Stock Index of 17 constituents tracks the performance of those multi-state marijuana companies that derive 100% of their revenue from the sector, trade for at least US$1/share and have a Market Capitalization in excess of US$100M.
   • It is -4.7% during the first 3 weeks of May and is +30.8% YTD with an average Beta of 2.69 and an average Market Capitalization of US$227M.
   • Its constituents are: Curaleaf (CURLF), Green Thumb (GTBIF), Trulieve (TRSSF), Verano (VRNOF), Cresco (CRLBF), TerrAscend (TRSSF), Columbia (CCHWF), Harvest Health (HRVSF), Ascend (AAHW), Planet 13 (PLNHF), Ayr (AYRWF), Jushi (JUSHF), 4 Front (FFNTF), Charlotte's Web (CWBHF), Gage (GAGE), Vireo (VREOF) and Acreage (ACRDF.ACRHF).
3. The Ancillary Pot Stock Index of 8 constituents tracks the performance of companies that provide goods and services to cannabis operators and have a Market Capitalization of at least US$100M.
   • It is -8.5% during the first 3 weeks  of May and is +6.9% YTD with an average Beta of 2.2 and an average Market Capitalization of US$3.2B.
   • Its constituents are: Scotts Miracle-Gro (SMG), Innovative REIT (IIPR), Grow Generation (GRWG), Hydrofarm (HYFM), Turning Point (TPB), Village Farms (VFF), Forian (FORA) and AFC Gamma (AFCG).
4. The Canadian Pure-Play Licensed Producers Pot Stock Index of 6 constituents tracks the performance of those Canadian producers that derive 100% of their revenue from the marijuana sector, trade for at least US$1/share and have a Market Capitalization of at least US$100M.
   • It is -11.5% during the first 3 weeks of May but is +16.2% YTD with an average Beta of 2.11 and an average Market Capitalization of US$3.6B.
   • Its constituents are: Canopy (CGC), Tilray (TLRY), Cronos (CRON), Aurora (ACB), Organigram (OGI) and Hexo (HEXO).

The above 4 non-tradable indices replicate the performance of a portfolio investing an equal amount of money in each company in the various cannabis categories, with daily rebalancing to maintain equal weight.

The Conservative Pot Stock Index of 8 constituents tracks the performance of the major tobacco, beer/liquor, and other companies that have bought into marijuana companies and compares their performances with those of their associated marijuana companies.

• It is +2.9% during the first 3 weeks of May and is +9.1% YTD with an average dividend yield of 2.5%, an average Beta of 0.96 and an average Market Capitalization of $81.6B per constituent compared to its associated marijuana companies which are -14.3% during the first 3 weeks of May but +30.7% YTD, on average with betas of 1.91, on average, and pay out no dividends.
• Its constituents are: Altria (MO), Imperial Brands (IMBBY), Constellation (STZ), Molson Coors (TAP), Anheuser Busch (BUD), Novartis (NVS), Couche-Tard (ANCUF) and British American (BTI). 

Excluding the Conservative Pot Stock Index the combined munKNEE Pot Stock Index tracks 38 out of a universe of more than 217 (i.e. 17.5%) cannabis companies and, on average, they were -7.7% during the first 3 weeks of May but remain +12.3% YTD.

Other sites have made an effort to track the movement of the pot and pot-related stock sector but have missed the mark for a variety of reasons. One site, for example, tracks the performance of 217 stocks, even those remotely associated with (or just "wannabe") the marijuana industry, and, as such, is dominated by companies with extremely small market caps of which 76.5% (166 stocks) trade for less than US$1/share. Another site tracks 46 marijuana/cannabis-related companies worldwide that trade for a minimum of US1$/share. Neither of the aforementioned tracking indexes, however, breaks out the performance of the marijuana sector by category to provide a full understanding of how each category, and its respective constituents, are performing and trending to assist prospective investors in their investment decisions. As such, as mentioned in the opening introduction, we think our approach to tracking the trends of the marijuana sector by category provides the clearest overview of the cannabis stock sector that is available anywhere.