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Cannabis Summary for March 20, 2020

2020-03-20 19:20 ET - Market Summary

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by Stockwatch Business Reporter

The S&P/TSX Cannabis Index gained 4.01 points to 114.01 Friday, ending the week up 4.24 points, while the Canadian Securities Exchange Composite Index gained 4.69 points to 230.21 today, ending the week down 22.13 points. Los Angeles County issued a "safer at home" emergency order that requires all indoor malls, shopping centres, playgrounds and non-essential retail businesses to close - starting today, until at least April 19. Cannabis dispensaries (apparently at least somewhat essential), along with government services, grocery stores and hardware stores, are allowed to continue operating (but they must observe "proper social-distancing guidelines" and cannot have more than 10 people in one place).

The rules under California's statewide order for residents to stay home are less clear. Earlier this week, though, California neighbour Nevada announced that licensed cannabis companies would be excluded from its order to all non-essential businesses to close for at least the next 30 days.

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