[EditorâÂÂs note: This is a rewrite and update of a previous article, âÂÂ4 Best Marijuana ETFs for Conservative Portfolios,â which was previously published in November 2019. ]
Buyers are clamoring for methods to get in on the favored, however dangerous, marijuana-investing craze. A fast on-line search yields 11,000 month-to-month queries for marijuana ETFs as investing within the marijuana realm grows in recognition. In accordance with Seaport International Securities, the $12 billion hashish market is predicted to balloon to by 2040.
Regardless of the fact that hashish is unlawful within the U.S. beneath federal regulation, greater than half of the states have legalized marijuana . With the hashish craze exploding, new marijuana ETFs proceed to launch. ThereâÂÂs even a fund based mostly upon a marijuana index.
Presently, there are roughly seven U.S.-equity marijuana ETFs. The hashish ETF group usually excludes mom-and-pop operations and consists of pharmaceutical and biotech companies researching cannabinoid…