Cannabis ETFs worth a look this Thanksgiving weekend

677 0

If the trend continues, this is a great time for an ETF investment

A wave of unreal expectations and disappointment for the decreasing prices of the cannabis stock market are still taking a big hit on the cannabis industry. Several facts have been affecting the market growth as expected but that doesn’t mean it won’t be a successful booming industry in the near future. Now, with low prices and real expectations set, it could be a good time for investors to make a solid entry in the market this Thanksgiving weekend.

Marijuana Business Daily published some sales reports starting the Green Wednesday which presented a solid increase in the sales, as well as during Black Friday last year. Based on the data by cannabis analysts and researchers, the company Headset had a 63% rise in spending during Green Wednesday. Jane Technologies which operates online also had a 62% sales increase same day last year. This situation certainly causes the exchanges to pay more attention and set some expectations as sales increased this past Wednesday, so investors can definitely capitalize is takes advantage of such an event.

Given the fact that people are less careful with their spending during holidays, it’s something that can actually be useful during this week surrounding Thanksgiving. More expectations to see movements in the stock exchange and shares price would be interesting to set a pattern. This year, since prices are so low, it might be the ideal time to take a solid step into the cannabis industry.

The leading and largest ETF provider for cannabis-related businesses, ETFMG Alternative Harvest, designed a tracking system to measure the performance and ecosystem of cannabis-related companies that participate in medical and recreational cannabis. Global X Cannabis ETF also is looking into investing in companies that are part of the Cannabis Index, with 26 stocks listed. Over 80% are Canadian and just 10% from the US. The remainder are from various other countries.