There are four cannabis/cannabis-related pot stock categories which I use to provide the clearest overview of the cannabis stock sector that is available anywhere. Below is a comparison of how each sub-category performed in June and YTD.

1. The Cannabis-Centric BioPharma Stock Index of 9 constituents tracks the stock performance of those clinical-stage biopharmaceutical companies involved in the exclusive development of drugs using CBD and THC that also have a Market Capitalization of US$45M or more.
   • The index was -3.1% in June (+8.3% YTD).
   • Its constituents are: Corbus (CRBP), Zynerba (ZYNE), MGC (MGCLF), Revive (RVVTF), Zelira (ZLDAF), Tetra Bio (TBPMF), KetamineOne,  Allied Corp. and Enveric (ENVB).
     • Corbus shares declined -9.6% in June (+43.2.2% YTD)
       • announced that its Phase 3 study of lenabasum in adults with dermatomyositis failed to meet the primary endpoint of Total Improvement Score.
2. 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.
   • The index was -6.8% in June (+23.7% YTD).
   • Its constituents are: Canopy (CGC), Tilray (TLRY), Cronos (CRON),   Aurora (ACB), Organigram (OGI) and Hexo (HEXO).
     • Hexo shares declined -18.9% in June (+51.1% YTD)
       • reported extremely disappointing Q3 financials (see here) of a -31% in net revenue, a -52% in gross profit and a negative EBITDA.
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.
   • The index was +2.2% in June (+33.8% YTD).
   • 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).
     • AFC Gamma shares declined -11.7% in June
       • announced an underwritten public offering of 2,750,000 shares of its common stock at a price of $20.50 per share.
     • Grow Generation shares advanced +16.6% in June (+21.9%)
       • announced that it had become a constituent in the Russell 2000, a prestigious and influential collection of small-cap stocks.
4. 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.
   • The index was -1.8% in June (+20.1% YTD).
   • Its constituents are: Curaleaf (CURLF), Green Thumb (GTBIF),  Trulieve (TRSSF), Verano (VRNOF), Cresco (CRLBF), TerrAscend (TRSSF), Columbia (CCHWF), Harvest Health (HRVSF), Ascend, Planet 13 (PLNHF), Ayr (AYRWF), Jushi (JUSHF), 4 Front  (FFNTF), Charlotte's Web (CWBHF), Gage, Goodness Growth (GDNSF) and Acreage (ACRDF & ACRHF).
   • 10 of the 17 constituents declined in June with 5 declining in excess of 10%, while just one advanced in excess of 10%. They are as follows:
     1. Green Thumb: +9.8% (+35.1% YTD)
        • announced it had closed on its acquisition of Dharma Pharmaceuticals LLC (“Dharma”). 
     2. Verano: -11.3% on general category weakness
     3. Acreage: -19.2% (+10.8%)
        • announced that it had sold the $28 million in promissory notes it had received from Red White and Bloom Brands as consideration for the previously announced sale of its Acreage Florida subsidiary to RWBYF to Viridescent Realty Trust Inc. for $26 million in total cash proceeds.
     4. Charlotte's Web: -19.3% (+11.8% YTD)
        • announced that it had signed a multiyear exclusive contract with privately held fitness company Life Time to put its products on the latter's 140 company shelves throughout the U.S..
     5. Columbia Care: -19.9% (-22.6% YTD)
        • announced a private placement of up to $74.5M principal amount of 6.00% secured convertible notes due 2025.
        • announced that it had finalized the acquisition of Ohio-based CannAscend, the owner and operator of four dispensaries across the state.
     6. Goodness Growth: -21.6% (+23.0% YTD)
        • announced that it had changed its name from Vireo Health International, Inc. to Goodness Growth Holdings, Inc. and changing its ticker symbol to “GDNS” on the CSE and GDNSF on the OTCQX Market in the United States.

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.

• The index was -3.1% in June and is now +7.2% YTD with an average dividend yield of 2.5% compared to its associated marijuana companies which were -5.7% but are still +39.8% YTD, on average, and pay out no dividends.
• Its constituents are: Altria (MO), Imperial Brands (IMBBY), Novartis (NVS), Constellation (STZ), Molson Coors (TAP), Anheuser Busch  (BUD), Couche-Tard (ANCUF) and British American (BTI).