Getting started into investing, especially with the cannabis industry, can be intimidating. Keep in mind that the cannabis adult-use market will be projected to have a retail value of $4.1 billion by the end of 2021, according to CIBC analysts. There are a lot of different options to choose from and because of that, it can make the process of picking which stock to buy confusing. The options include Canadian cannabis stocks, US stocks, and other stocks internationally. There are also options between recreational cannabis and legalized medicinal cannabis. However, there are no guarantees in this seemingly lawless land. Now, let’s talk about Marijuana ETFs. One Canadian ETF called the Horizons Marijuana Life Sciences Index ETF is currently being traded on the Toronto Stock Exchange. This ETF focuses mainly on the medicinal cannabis scene, perfect for anyone who’s looking to get into the medicinal side of things. Horizons has over 40 holdings within the fund’s assets, with a wide range of different companies. These include pharmaceuticals, cultivators, and plant fertilizers. Even though Horizons have over 40 holdings, seven companies make up over 60% of the ETF. These companies are Aphria, Canopy Growth, and Cronos, just to name a few.
Mars Chow, Latest Cannabis News Today – Headlines, Videos & Stocks, 04/01/2021 13:00:00