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A New Marijuana ETF Is Coming to the New York Stock Exchange
For the first time ever, an exchange traded fund (ETF) with exposure to the marijuana industry has received approval to join the New York Stock Exchange (NYSE). The new ETF will provide investors with a simple way to access a burgeoning cannabis industry that some say is the biggest market opportunity of a generation.
Beginning Dec. 26, investors will be able to purchase the Alternative Agroscience ETF through a NYSE subsidiary. The ETF tracks the Alternative Agroscience Index, which seeks exposure to ventures primarily engaged in the cultivation, production and distribution of cannabis products. The investment universe includes companies involved in the manufacturing of cannabinoid-related drugs, businesses that make fertilizers and pharmaceuticals.
Read More:https://hacked.com/new-marijuana-etf-hits-new-york-stock-exchange/
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A Look At Canada’s Marijuana Plans
When full adult-use cannabis legalization goes into effect on July 1, 2018, it won’t be the equitable, community-oriented legislation many legal weed advocates in Canada had hoped for. It won’t grant amnesty to any of the 22,000 people the country arrests for weed every year. The law won’t even legalize edibles. But what it will do is give a massive advantage to the major corporate entities already dominating Canada’s medical marijuana system. And the rest is up to the country’s individual provincial governments. Yet a quick survey of Canada’s marijuana plans suggests most provinces don’t have a solid plan at all.
Is The Law Throwing A Wrench In Canada’s Marijuana Plans?
From the looks of it, Canada has quite a lot of work to do if the country is to get things together by the time legalization goes into effect in July.
Read More:https://hightimes.com/news/look-canadas-marijuana-plans/
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