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Cannabis Investment
Bitco Cannabis ETFs don't invest in the local retailers and dispensaries. We usually invest in the biotech and pharmaceutical companies that use cannabis in their research and medicines.
These pharmaceuticals can be marijuana-based or even holistic medicines that are much more likely to be approved and accepted in the marketplace. We even invest in the supply chain of marijuana growers supporting the specific fertilizers and equipment growers use for their crops.
A US-listed alternative is the ETFMG Alternative Harvest ETF (NYSEARCA:MJ). MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefiting from global medicinal and recreational cannabis legalization initiatives. The fund still invests primarily in Canadian firms at 62% of its 39 holdings. It also boasts a 0.75% expense ratio and has AUM of $619 million.
If you like the idea of investing in Cannabis, look no more and join others to purchase cannabis stocks.
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