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Investors rush to bring weed to the masses

Posted on AllSides January 14th, 2020
From The Left

TODAY EUROPE’S first cannabis exchange-traded fund (ETF), the Medical Cannabis and Wellness ETF, dubbed CBSX, launches in Germany. A joint project of Purpose Investments, a Canadian asset manager, and HANetf, a British ETF platform, the fund will invest in listed businesses that grow, make and distribute medical cannabis products. One of the goals of the new venture is to democratise cannabis investments, which have historically been inaccessible (because companies are still private) or expensive (because investors must buy stocks individually). The rise of ETFs—pooled portfolios designed to replicate the performance...

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