Hemp stocks, as measured by the Global Hemp Stock Index, were quite volatile in 2024 and have been in 2025 as well. The index fell 7.5% in December last year to close 15.2% lower for the year, and it was also a poor start to 2025. It hit a new all-time high of 4.97 on the last day of March, before falling back in early April. The index gained 11.5% in April, but ended the second quarter from there, closing at 5.02. Q3 was strong with increases in July and August, and September, which started with a pullback, ended with another increase before pulling back on the last day. The index ended September with only a small decline before falling in October. It retreated sharply again in November, falling 11.0% to 6.08.

After collapsing 21.8% in late 2024 to 6.88 in Q4, the index fell heavily in Q1 and then marginally in Q2. The global hemp stock index, which now has 28 members, fell 27% year-to-date in June. After a 53.0 percent rally in the third quarter, the index increased by 11.6 percent compared to last year. It is now down 20.8% in Q4 and down 11.6% year-over-year.

Since its peak in February 2021, the global hemp stock index is down 93.4% from a closing high of 92.48.

The top 3 names were all up more than 11% in November;

Each of these stocks has been significantly upgraded year-over-year, and Q4 earnings were positive for each of them, especially Jazz Pharma and Village Farms.

November’s 3 weakest names are all down more than 39%;

All of these stocks are down significantly year-over-year, and Q4 has been brutal for each.

We will summarize the performance of the index again in a month. In April, we historically combined the two articles, and we update here the other indexes that New Cannabis Ventures continues to maintain: the American Cannabis Operator Index, the Ancillary Cannabis Index, and the Canadian Cannabis LP Index.

American Hemp Operator Index

The ACOI fell again in November, falling 24.9% to 9.17. It rose 123.6% to 12.99 in Q3 and is now up 9.7% year-to-date from 8.36. The large AdvisorShares Pure US Cannabis ETF ( MSOS ) fell 8.7%.

The strongest performer in November was Glass House Brands (OTC: GLASF ) (NEO: GLAS.AU ), which fell 13.5%. The weakest, Cresco Labs (OTC: CRLBF ) (CSE: CL ), fell 36.8%.

The index will have eight members in December with the removals of Ascend Wellness (OTC: AAWH ) and Vireo Health (OTC: VREOF ).

Auxiliary cannabis index

Ancillary commodities lost 1.7% in November as the index fell to 10.83. The index, which rose 14.5% to 12.72 in Q3, now fell 14.9% in Q4. It is down 21.4% year-to-date from 13.77 in 2025.

The strongest stock in November was Turning Point Brands, which rose 11.4%. The weakest, WM Technology, fell by 19.3%.

In December, the index will have the same eight members.

Canadian Hemp LP Index

Canadian LPs fell 15.0% in November as the index fell to 56.00. The index, which increased by 78.4% in the third quarter, reaching 73.56. now down 23.9% in Q4 but up 11.8% in 2025 from 50.11 year to date.

The strongest Canadian LP in November was Organigram Holdings (TSX: OGI ), which rose 0.4%, leaving it as the sole gainer on the index. Simply Solventless (TSXV: HASH ) was the weakest, down 39.1%.

In December, the index will have the same thirteen members.

The shares of Cannabis, as measured by the Cannabis Global Stock Index, were quite unstable in 2024 and were 2025. In December, the figure fell by 7.5%, reducing by 15.2% year by 15.2%, as well as a new time since 2025. In April, the figure increased by 11.5%, but it was completed below Q2, closing on 5.02. Q3 was strong in July-August, and September, which began retreated with another profit until the last day’s return. The index is over 0.8% down to a decline of 7.68.

After the collapse of 6.88% from Q4 to 6.88, the figure has decreased a lot in Q1, then, in terms of termination, Q2. The Cannabis Global Stock Index, which now has 23 members, has decreased by 27% a year in June. After 53.0% of Q3, the figure is currently growing by 11.6% a year.

Since the top of February of 2021, the Global Cannabis stock index has fallen from 92.48 from 92.48.

In September, the strongest 3 names increased by more than 10%.

Each of these shares is annually. Tlry picked up 317.5% during Q3, OGI reached 50.4% and Grwg Rose 100.0%

The three weakest names in September have fallen more than 17%.

Each of these shares is year by year. During Q3, the CGC collected 40.6% and the other two fell.

The index was rejected near 9/30, and it was based on data on 9/23. The figure for Q4 will have 28 names, up to 23, with two removal and seven additions. Leaving Index is an EEX and IMCC. Turning the index by CRESCO LABF (OTC: Curlf) Newlake Capital (OTC: NLCP), Terascend (OTC: VRNOF) and SHF HOLDINGS SHFS). The indicator had a sub-legged effect, which has the lowest MSO that can ever be at 13.0% Q3, but after four additions it will be 25%. The largest subsection is 39.3%, and Canadian LPS is 25%. Biotech, Canadian retail and tillers each make 3.6%.

In one month, we will again summarize the performance of the index. In April, we combined what two articles were released, and we refresh the other indicators that the newly established women’s companies continue to maintain the American Canadian Canadian index.

American Cannabis Operator Index:

In September, ACOI fell by 13.9% to 12.99. It increased in 123.6%, at 3:30 a year, from 551%, from 8.36.

The strongest fund in September was Jushi Holdings (OTC: Jushf), which decreased by 5.3%. The weakest, Terrace (OTC: TSNDF) (TSX: TSND), fell by 28.7%.

In October, the figure will have eight members with a planet’s removal of 13 (OTC. PLNH).

Auxiliary Cannabis Postcode:

In September, the assistance lost 5.3%, as the index rose fell from 13.43 to 12.72. The figure of 14.5% in Q3 has so far decreased by 7.6%.

In September, the strongest fund increased by 10.0%. The weakest, the capital of advanced flowers (NASDAQ. AFCG) decreased by 17.8%.

In October, the figure will have ten members with pledge and plans.

Canadian Cannabis LP index

In September, the Canadian LPS fell by 0.8%, as the figure fell from 74.16 to 73.56. Index collected at q3 78.4% and is now 46.8% in 2025, from 50.11.

In June, the strongest Canadian LP was TILRAY brands (TSX: TLRYE), which increased by 27.0%. Just soluble (TSXV. HASH) was the weakest, it was 26.7%.

In October, the figure will again have the same twelve members.