As the cannabis industry recovers from its bear market of 2019 there are several strategies that traders can employ to best trade the Cannabis Index. One is to follow the trend in the index, which has been steadily lower over the past year. A more contrarian approach would be to look for reversals, particularly reversals that could lead to a breakout move to the upside for the index. With the Cannabis Index so depressed any breakout rally has the potential to deliver massive returns.