Hemp stocks, as measured by the Global Hemp Stock Index, were quite volatile in 2024 and then again in 2025 as well. Although the index rose in December, it fell on the year. In January, the indicator decreased by 14.4%, reaching 5.89. February saw a drop in prices, but the market recovered with the index ending the month at 5.86. March was very difficult, with the index falling 10.6% to 5.24.

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 5 27 members in Q1, gained 53.0% in the third quarter, but fell 14.2% in the fourth quarter, down 4.2% for the full year. In 2026, it decreased by 20.5 percent.

Since its peak in February 2021, the Global Hemp Stock Index is down 94.3% from a closing high of 92.48.

The 3 strongest names in March, each an MSO, were all up more than 13%;

• summer (OTC: VRNO). +0.9%
• Glass House (OTC: GLASF). +0.2%
• Jazz Pharma (NASDAQ: JAZZ). -0.5%

These three stocks have been mixed year-to-date, with only JAZZ rallying so far. The other two have less decline than the index.

The 3 weakest names were all down more than 13% in March;

Akanda and iPower 2026 have both fallen significantly so far, while Turning Point Brands has fallen slightly worse than the benchmark.

The index has been recalculated as of the close of 31.03.31 and is based on 24.03. For the second quarter, the index will have 24 names, down from 27 names, with six removals and three additions. Out of the index are AKAN, GRWG, IPW, RYM, TSNDF and YCBD. Advanced Flower Capital ( AFCG ), Charlotte’s Web ( CWBHF ), and Chicago Atlantic BDC ( LIEN ) rejoin the index.

We will summarize the performance of the index again in a month. In April 2025, we historically combined the two articles, and we update here the other indices that New Cannabis Ventures continues to maintain, the US Hemp Operator Index, the Auxiliary Hemp Index, and the Canadian Hemp LP Index.

American Hemp Operator Index

The ACOI sank in January, falling 12.5% ​​to 11.53, and fell further in February, falling 5.8% to 10.87. In March, it decreased by 5.5%, reaching 10.27. In 2025, it increased by 57.7% to 13.18, and in 2026, it decreased by 22.1%. The large AdvisorShares Pure US Cannabis ETF ( MSOS ) fell 8.5% in March and 24.8% in 2026.

The strongest stock in March was Verano, up 0.9%. The weakest, Trulieve (OTC: TCNNF ), fell 12.4%.

In April, the index will have the same seven members.

Auxiliary cannabis index

Ancillary commodities lost 6.5% in March as the index fell to 9.20. The index decreased by 19.5% in 2025, reaching 11.09, and this year it decreased by 17.0%.

The strongest stock in March was (NASDAQ: AFCG ), which rose 23.7%. The weakest, Turning Point Brands, fell by 36.7%.

In March, the index will have eight members following the reorganization of Chicago Atlantic BDC.

Canadian Hemp LP Index

Canadian LPs fell 7.5% in March as the index fell to 51.49. In 2025, the index increased by 17.8%, reaching 59.01, and in 2026, it decreased by 12.7%.

Canada’s strongest LP in March was Decibel Cannabis (TSXV: DB ), up 28.6%. Simply Insoluble Concentrates (TSXV: HASH ) was the weakest, falling 57.7%.

In April, the index will have eleven members as MTL Cannabis has been acquired and Simply Solventless Concentrates is no longer eligible due to its price.

Hemp stocks, as measured by the Global Hemp Stock Index, were quite volatile in 2024 and then again in 2025 as well. Although the index rose in December, it fell on the year. In January, the indicator decreased by 10.6%, reaching 5.89. February saw a drop in prices, but the market recovered with the index ending the month at 5.86, down 0.5%.

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 27 members, gained 53.0% in the third quarter but fell 14.2% in the fourth quarter, down 4.2% for the full year. In 2026, it decreased by 11.1%.

Since its peak in February 2021, the global hemp stock index is down 93.7% from a closing high of 92.48.

The 3 strongest names in February, each an MSO, were all up more than 13%;

Jazz Pharma rallied in 2026, but the other two declined.

February’s 3 weakest names are all down more than 13%;

All three have fallen significantly in 2026 so far.

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 sank in January, falling 12.5% ​​to 11.53, and fell further in February, falling 5.8% to 10.87. In 2025, it increased by 57.7% to 13.18 and decreased by 17.5% in 2026. The large AdvisorShares Pure US Cannabis ETF ( MSOS ) fell 3.7% in February.

The strongest performing stock in February was TerrAscend (OTC: TSNDF ), up 7.7%. The weakest, Vireo Growth (OTC: VREOF ), fell 17.9%.

In March, the index will have seven members with the removals of Jushi Holdings (OTC: JUSHF ) and Vireo Growth.

Auxiliary cannabis index

Ancillary commodities lost 5.7% in February as the index fell to 9.84. The index decreased by 19.5% in 2025, reaching 11.09, and this year it decreased by 11.3%.

The strongest stock in February was Turning Point Brands (NASDAQ: TPB ), which rose 13.1%. The weakest iPower fell by 55.8%.

In March, the index will have seven members after the removal of GrowGeneration (NASDAQ: GRWG ), iPower (NASDAQ: IPW ) and Chicago Atlantic BDC (NASDAQ: LIEN ) during February’s low trading volume.

Canadian Hemp LP Index

Canadian LPs fell 0.9% in February as the index fell to 55.65. In 2025, the index increased by 17.8%, reaching 59.01, and in 2026, it decreased by 5.7%.

The strongest Canadian LP in February was Rubicon Organics (TSXV: ROMJ ), which rose 8.9%. Simply Insoluble Concentrates (TSXV: HASH ) was the weakest, down 27.8%.

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

Hemp stocks, as measured by the Global Hemp Stock Index, were quite volatile in 2024 and then again in 2025 as well. Although the index rose in December, it fell on the year. In January, the indicator decreased by 10.6%, reaching 5.89.

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 27 members, gained 53.0% in the third quarter but fell 14.2% in the fourth quarter, down 4.2% for the full year.

Since its peak in February 2021, the global hemp stock index is down 93.6% from a closing high of 92.48.

The 3 strongest names in January, each an MSO, were all up more than 4%;

January’s 3 weakest names are all down more than 26%;

• Akanda (NASDAQ: WILL). -44.0%
• iPower: (NASDAQ: IPW). -42.0%
• RHYTHM (Name: RYM). -26.0%

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 sank in January, falling 12.5% ​​to 11.53. In 2025, it increased by 57.7%, reaching 13.18. The large AdvisorShares Pure US Cannabis ETF ( MSOS ) fell 14.6% in January.

The strongest stock in January was Glass House Brands, which rose 4.0%. The weakest, Trulieve (OTC: TCNNF ), fell 20.5%.

The index will have nine members in February with the removals of Ascend Wellness (OTC: AAWH ) and Grown Rogue ( GRUSF ).

Auxiliary cannabis index

Ancillary commodities lost 5.9% in January as the index fell to 10.44. In 2025, the indicator decreased by 19.5%, reaching 11.09.

January’s strongest stock was Turning Point Brands, which rose 21.8%. The weakest iPower fell by 42.0%.

In February, the index will have the same ten members.

Canadian Hemp LP Index

Canadian LPs fell 4.9% in January as the index fell to 56.13. In 2025, the indicator increased by 17.8%, reaching 59.01.

Canada’s strongest LP in January was Simply Solventless Concentrates (TSXV: HASH ), up 28.6%. Tilray Brands (TSX: TLRY ) was the weakest, down 18.0%.

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