There’s a mad rush of investors moving to marijuana trading
Marijuana is grabbing hold of more than just the well-being community. It has quickly become a favorite with investors, looking to cash in on the continued rise of marijuana stock prices. There are now more investors than ever getting into marijuana and leading the way are stocks and exchange-traded funds (ETF).
There are now ten states, along with Washington, D.C., that have legalized recreational marijuana. On top of this, 33 states have approved medical marijuana use. The figures continue to grow on virtually a monthly basis, and many more states are expected to pass their own marijuana laws in the coming months. Additionally, the U.S. federal government could legalize cannabis, or at least a part of it, within the next couple of years, which is going to help expansion happen even quicker.
Because of this, investors want more options to take advantage of what has been dubbed “the green rush.” This has led to the creation of a number of new investment vehicles, such as ETFs. ETFMG Alternative Harvest ETF is the only pure ETF that targets the marijuana industry. Others, such as the AdvisorShares Vice ETF called ACT, are gaining a lot of attention, as well, because they cover not just cannabis, but ancillary products – such as alcohol or tobacco – as well.
A number of marijuana companies are now making their way to the stock markets. Cronos Group, which invests in marijuana companies that produce and sell medical marijuana, and GW Pharmaceuticals, a company that has a proprietary cannabis production platform, are already on the NASDAQ exchange and CannTrust is coming to the NYSE.
If you’re looking for an investment that has a solid future – with long-term growth potential, the marijuana industry is a good option. Don’t expect to find overnight success, though – the high dividends will only come with time.