Horizons Marijuana Life Sciences Index ETF (TSX:) is the world’s first Marijuana ETF. An exchange-traded fund (ETF) can be described as a basket of investments that focus on a particular asset. In the case of HMMJ, that asset is Marijuana. ETFs are traded daily at market-determined prices that are different from the market prices of the assets. They are easier to trade than single investments, have lower fees, and allow an individual or corporation to invest in multiple securities at once. Marijuana-related companies are fairly new players in the stock market, but they are operating within an industry that shows tremendous growth potential. The Cannabis market size is expected to reach $38.2 Billion by 2028, with a compound annual growth rate (CAGR) of 16.6% from 2022 to 2028, according to the North America Legal Cannabis Market Report 2022. The report also showed that the CBD segment of that market accounted for the highest share of revenues due to the increasing adoption of CBD for medical purposes.
Mmp News Author, Medical Marijuana Program Connection, 03/13/2022 08:59:00
Open article: https://mmpconnect.com/best-performing-stocks-on-the-worlds-first-marijuana-etf/