Moeez Ahmad2025-07-292025-07-292022-11-11https://escholar.umt.edu.pk/handle/123456789/3950This study examines the volatility of marijuana stocks index during COVID-19, using Autoregressive Conditional Heteroscedasticity Model. The researcher examines the volatility of marijuana stocks index during the said period and analyze whether the increased demand for Marijuana and other related drugs has affected the variance of these firms’ stock and index returns. The findings reveal that the COVID-19 has affected the index substantially, and returns show an abnormal pattern and indicate the sensitivity and volatility of these firms to the news of verified cases and causalities. Due to increased risk of pandemic’s unpredictability and economic loss, market is more volatile. The findings also indicate that pandemic and volatility have long term association. Therefore, firms need to be vigilant in understanding such risk factors, to respond to them timely.en-USThesis