New Junior Marijuana ETF Offers Exposure to U.S. Businesses

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New Junior Marijuana ETF Offers Exposure to U.S. Businesses

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A Canadian firm is launching an exchange-traded fund (ETF) that gives investors exposure to the U.S. recreational marijuana market — a sector that’s been largely avoided by other ETFs because of legal uncertainties.

Horizons ETFs Management Canada Inc. has filed a preliminary prospectus to launch the Junior Marijuana Growers Index ETF, which includes companies with operations in the U.S. This is in contrast to Horizons’s existing Marijuana Life Sciences Index ETF, which avoids U.S. growers and focuses on larger companies.

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