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MJ ETF IN MARKET WATCH PLUS
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MJ ETF IN MARKET WATCH FREE
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Want key ETF info delivered straight to your inbox? Marijuana Stocks and ETF: What Investors Need to Know Please listen to the podcast to learn more about the outlook for pot stocks and MJ ETF. I talked with Jason Wilson, president of Budding Equity Asset Management in Canada and partner in MJ, in a recent podcast. The ETFMG Alternative Harvest ETF ( MJ Quick Quote MJ - Free Report) -the first and only pure play US listed ETF targeting the cannabis industry-holds 37 companies that are involved in legal cultivation, production, marketing or distribution of cannabis or related products. These are younger and risker companies in an industry that continues to evolve. Investors should remember that cannabis remains illegal at the federal level in the US while 30 states and the District of Columbia having legalized the use of the drug for medicinal or recreational use.įurther, marijuana stocks are extremely volatile. Recently Constellation Brands ( STZ Quick Quote STZ - Free Report), invested $4 billion in Canopy Growth ( CGC Quick Quote CGC - Free Report), raising its stake to 38%. Cannabidiol is a non-psychoactive substance in marijuana that is known to have some health benefits. Coca-Cola ( KO) is reported to be in talks with Canada’s Aurora Cannabis to develop cannabidiol infused beverages.
Many beverage giants are investing or planning to invest in cannabis. Per research firm Euromonitor, the American market for legal marijuana products will reach $20 billion by 2020, up from $5.4 billion in 2015. The emerging pot industry is growing fast and gaining legitimacy. Shares of many cannabis companies, including Tilray ( TLRY Quick Quote TLRY - Free Report), Canopy Growth ( CGC Quick Quote CGC - Free Report), Cronos ( CRON Quick Quote CRON - Free Report), Aurora Cannabis and GW Pharmaceuticals ( GWPH), which have been souring over the past few months, are trading down today. Medical use of marijuana has been legal in the country since 2001. Canada is now the first major world economy and the second country after Uruguay to legalize recreational marijuana.
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