How has the price of marijuana impacted stock prices?

The falling price of the marijuana flower has squeezed companies and pulled stock prices down in the process. Comparing Q3 numbers in 2022 to a year prior, the price of a gram of marijuana fell 13% from $10.83 to $9.43—the largest price decrease ever across a 12-month period.

Where is medical marijuana (MJNA) stock located?

Medical Marijuana, Inc. was incorporated in 2005 and is based in San Diego, California. Investor Presentations are not available. A high-level overview of Medical Marijuana, Inc. (MJNA) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools.

Should cannabis stock be listed on the NYSE?

Once larger exchanges like the Nasdaq, NYSE and even the Toronto Stock Exchange allow cannabis stock listings, there will be a flood of new investor demand. As demand rises, so will prices. I am one of the most respected and longest-serving healthcare analysts on Wall Street.

Why are cannabis companies on the NASDAQ?

The Nasdaq has seen an increase in cannabis company listings during the past decade as more states and regions globally have legalized marijuana use. This enabled many of these companies to maintain fast revenue growth in the face of economic disruptions caused by the COVID-19 pandemic and its aftermath.