Marijuana Index Gains Have Big Day On Tuesday

The North American Marijuana Index had yet another big day on Tuesday this week. The success comes despite investors anxiously waiting for the Fed to announce an interest rate hike sometime this week, which analysts predict will be somewhere between 1.25 and 1.50 percent.

The Index was up 9.89 points on Tuesday, closing at 189.58 for a gain of 5.5 percent and 2018 is poised to be a big year for marijuana legalization which will have a direct impact on the marijuana stock market.

The Canadian marijuana market continues to be strong and experience success outpacing the S&P/TSX composite index on Tuesday, closing the day up .07 percent, by a wide margin. Canadian based companies continue to make landmark deals , showing the vitality of the market climate and landscape. Canada plans to repeal prohibition in July 2018.