The Global X Cannabis ETF is a superior option for cannabis investors
The Global X Cannabis ETF (POTX) is making the most of how the cannabis industry has been growing exponentially over the past few years. Even though the industry has proven to have all the potential possible, there are many investors who are still skeptical and hesitant to take the next step. However, perhaps $30 billion by next year could make them think again.
“Recent waves of legalization for medical and adult-use in the U.S. suggest that the cannabis industry is poised to surpass its already impressive numbers in the coming months,” said an article in Green Entrepreneur. “A new report from nationally renowned research firm Headset has offered a specific target for industry professionals and policymakers: the Seattle-based marijuana analytics firm said in its latest forecast that sales could surpass $30 billion by the end of 2022.”
POTX has every intention of providing pertinent investment results with price and yield before Cannabis Index fees and commissions are included. Within the main things that are offered by the ETF, high growth potential stands out. It is known that worldwide the sales of legal cannabis have boomed extremely, increasing by 48% between 2019 and 2020, which made it exceed $21 billion. If things keep going the way they are going, and it is possible that the figure could reach $55 billion by 2026.
POTX also offers efficient access. The issue of regulations may make immersion in the cannabis industry a challenge, as today it may be one thing, but tomorrow it is still uncertain. POTX, on the other hand, provides a variety of publicly traded companies involved in multiple aspects of this emerging industry in a single transaction.