What is a marijuana index?
The global cannabis industry values more than US$150 billion currently. Cannabis sales in North America alone were more than US$7 billion in 2016.
A marijuana index lists the stocks of the major marijuana firms. The North America Marijuana Index, https://marijuanaindex.com/ lists all the major marijuana stocks on a combined North American Index and then separately for America and Canada. I have been tracking the movement of the stocks over the last few months and they are performing excellently. This is the same for Europe and I believe it is headed in the direction of a global index. The Caribbean must prepare itself so as not to be caught off guard, considering that we are aware of what is going on. The global industry will exist with or without the Caribbean’s participation in the market. It is better to organise now to increase the Caribbean’s share of this global industry. Against this backdrop, Scarce Commodity was established by the University of the West Indies to provide consultation, technical support, educate, enhance and market the potential of the Caribbean’s cannabis/marijuana/hemp industries in a sustainable manner. Scarce Commodity places a strong focus on improving health, expanding industries and creating wealth for the region.
Scarce Commodity’s objectives include, but are not limited to, assisting the Caribbean region to understand the importance of the cannabis/hemp industries to increasing growth in GDP per capita, increase intraregional trade, increase foreign currency inflow to the region, increase GDP capita, increase standard of living, reduce the cost of infrastructural development, reduce the cost of energy and, therefore, increasing regional integration and economic development.
What is Scarce Commodity’s objective?