Love Hemp UK CBD & cannabis play

[Guest phil]

interesting interview 

 

[dmedin]

Maybe IG can do a video explaining the disastrous performance of their 'cannabis index'.

[JamesIG]

37 minutes ago, dmedin said:

Maybe IG can do a video explaining the disastrous performance of their 'cannabis index'.

Our cannabis index, like all indices, is simply a collection of individual stocks. If the asset price of the individual constituents fall, so too will the index. We created the cannabis index for clients who wanted a more diversified exposure to the sector. 

From the start of the year the index has risen from 750 to around 1250 in March, before pulling back to the 580 levels you can see now. 

You can trade this long or short, and therefore should be able to benefit from a falling price. 

[dmedin]

2 hours ago, JamesIG said:

Our cannabis index, like all indices, is simply a collection of individual stocks. If the asset price of the individual constituents fall, so too will the index. We created the cannabis index for clients who wanted a more diversified exposure to the sector. 

From the start of the year the index has risen from 750 to around 1250 in March, before pulling back to the 580 levels you can see now. 

You can trade this long or short, and therefore should be able to benefit from a falling price. 

 

 

Well, it would be enlightening to hear from an expert or analyst why the cannabis industry has died on its **** over the last year