Three of the Top Cannabis ETFs to Watch Ahead of 2020 Election
Just over the last two years, Canada legalized cannabis.
U.S. states have approved its use for recreational and medicinal use. Corporate America has been quick has been quick to jump on the bandwagon. In fact, it’s already transformed some of the biggest industries in the world from health and wellness, to alcohol.
Major retailers throughout the country are racing to keep up with consumer demand.
Neiman Marcus, Sephora, the Vitamin Shoppe, Kroger’s, Barney’s DSW, CVS, and Walgreen’s have all jumped at the opportunity for example.
And even more Americans are now for its legalization.
A Gallup survey, for example, found that 66% of Americans are in favor of legalization. That’s up from just 60% in 2016. A Pew survey found that 62% of Americans want to see cannabis legalization, as compared to just 57% in 2015.
Granted, the industry has seen its fair share of ups and downs with earnings debacles, and regulatory hurdles, but it’s tough to ignore the fact that given sizable demand, the cannabis boom is truly here to stay for quite some time.
Plus, there are sizable catalysts still ahead.
For example, in October 2019, Canada is expected to legalize CBD again. A year after they legalized dried cannabis flower, oils, and sprays, the country is now likely to legalize edibles, beverages, and topicals by October 17, 2019. That’s a big catalyst.
And two, with the presidential election nearing, one of the big platforms has been cannabis.
Plenty of candidates, in addition to President Trump have voiced their support. And, at this point, according to MarketWatch, it’s no longer as question of if the federal government will legalize cannabis, but when.
The best part – with plenty of demand, the global cannabis market is expected to explode to $344 billion, according to analysts at New Frontier Data, as noted by Politico. The Brightfield Group believes worldwide sales could run from $591 million in 2018 to $22 billion by 2022.
Even Piper Jaffray says the global market could be worth up to $100 billion.
While investors have been pushing into individual cannabis stocks, they’re also pushing into ETF opportunities, including:
ETFMG Alternative Harvest ETF (MJ)
The End of a Prohibition
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The ETFMG Alternative Harvest ETF (MJ) offers investors access to the Canadian and global marijuana sector. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing or distribution of cannabis products for either medical or nonmedical purposes. MJ also holds stocks of companies that trade or produce tobacco or tobacco products, or fertilizers, plant foods, pesticides or growing equipment for cannabis or tobacco. In addition, the fund also holds pharmaceutical companies that produce, market or distribute drug products that use cannabinoids.
The Horizons Marijuana Life Sciences Index ETF (HMLSF)
The ETF seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. The Index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry.
Advisor Shares Pure Cannabis ETF (YOLO)
YOLO seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities, and was designed to invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.
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