Experts and market analysts imagine that the maturing marijuana trade will see a big advance in 2021. Momentum is constructing as political preferences, significantly in the U.S., are shifting towards federal legalization. Some individuals suppose M&A actions or consolidation globally might even speed up.
Choosing particular person marijuana shares is a problem. Industry giants like Canopy Growth and Aurora Cannabis under-delivered in latest years. Massive money burns and mounting losses had been the usual options of hashish producers. Fortunately, a marijuana exchange-traded fund (ETF) presents an different if you wish to safe footing in this shaky sector.
Investors in the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) are a cheerful lot. The marijuana ETF is up an insane 119.8% ($5.55 to $12.20) from a 12 months in the past. Had you invested $10,000 on March 9, 2020, your funding could be value $21,981.98 at the moment.
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