The Very First Marijuana Stock ETF Has Lost Investors Money

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The Very First Marijuana Stock ETF Has Lost Investors Money

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In spite of the phenomenal growth the legal weed industry is experiencing, and the amazing trailing one-year returns for pot stocks, the recently debuted marijuana stock ETF, the Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ), has actually lost value for those who’ve decided to take the plunge.

Shares of the ETF have lost more than 4% from where they were initially priced on their first day of trading and ended at a fresh all-time low on May 9.

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