[Editor’s note: This is a rewrite and update of a previous article, “4 Best Marijuana ETFs for Conservative Portfolios,” which was previously published in May 2019. ] Investors are clamoring for ways to get in on the popular, but risky, marijuana-investing craze. A quick online search yields 11,000 monthly queries for marijuana ETFs as investing in the marijuana realm grows in popularity. According to Seaport Global Securities, the $12 billion cannabis market is expected to balloon to $630 billion by 2040. Despite the reality that cannabis is illegal in the U.S. under federal law, more than half of the states have legalized marijuana to some degree. With the cannabis craze exploding, new marijuana ETFs continue to launch. There’s even a fund based upon a marijuana index. Presently, there are approximately seven U.S.-equity marijuana ETFs. The cannabis ETF group typically excludes mom-and-pop operations and includes pharmaceutical and biotech firms researching cannabinoid usage. Other marijuana funds target supporting players in the marijuana industry, such as fertilizer producers or alcohol and tobacco firms seeking to diversify. With the legal disconnect between federal and state law regarding marijuana use, investing directly in U.S. marijuana ETFs and stocks is risky and replete with scams and fraud. If you’re determined to get in on the marijuana investing scene, there are several “conservative-ish” marijuana ETFs for partaking in the speculative pot party. Here are some of the best:
Bringing you TOP Pot Stocks!
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