Quote:
Originally Posted by lewdog
Looking at finally getting some Marijuana exposure.
Horizons Medical Marijuana Life Sciences ETF seems like the best best for exposure, without having to take on an individual company in a sector that has and will have a lot of players. Canopy Growth probably tops the company list, but with it's large market cap (1.2B) but small revenue (20M), the smart investor in me says there's a risky PE ratio (near 80) to be playing with at this time. Marijuana is going to go recreational in Canada sometime in 2018 I think, so wanting to get in now.
Any of you have exposure in this sector?
http://www.marketwatch.com/story/hor...mmj-2017-06-08 |
Tangent question to this, I remember the local banks in areas that had marijuana industries had all kinds of logistical headaches trying to keep "green" money separate from normal money when the industries were blossoming (pun intended) to comply with federal regulations around the source of funds. I haven't followed it closely enough to see if this was ever resolved.
My question is if these restrictions pertain to equity stakes to the companies, especially in jurisdictions where marijuana is still very illegal.
Anyone have any insight to this?