Should You Invest in This Marijuana ETF?

Exchange traded funds (ETFs) can be a good way to invest in a particular industry without having to pick individual stocks. With the medical marijuana industry still in its infancy and the drug not being legal on the federal level in the U.S., it makes sense that investors would want to invest in an ETF.

Unfortunately there are slim pickings for the top marijuana ETF with just one available, Horizons Medical Marijuana Life Sciences Index ETF (TSX: HMMJ), and it trades on the Toronto Stock Exchange. Earlier this year, ETF Managers Trust filed with the SEC to start a marijuana ETF on a U.S. exchange -- the Emerging AgroSphere ETF that has appropriately reserved the ticker symbol "WEED" from NYSE Arca -- but it hasn't started trading yet.

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Source: Fool.com