Say Hello to the Very First Marijuana ETF You Can Buy in the U.S.
The marijuana industry, and marijuana stocks for that matter, have been worth marveling at recently. A majority of marijuana stocks have doubled or tripled in value over the past year as legal weed sales in North America jumped by 34% last year to $6.9 billion, according to cannabis research firm ArcView.
But this could be just the tip of the iceberg. ArcView is also predicting North American legal sales growth of 26% per year through 2021, yielding a market worth nearly $22 billion. The possible legalization of adult-use weed in Canada, along with the recent legalization of medical cannabis in Mexico and the expectation that more U.S. states will choose to green-light recreational pot, has the industry and investors extremely excited.
Image source: Getty Images.
Source: Fool.com
