The New York Stock Exchange Is Getting Its First Weed Fund

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The New York Stock Exchange is Getting Its First Weed Fund

Flickr / Thomas Hawk / (CC BY-NC 2.0)

A subsidiary of the New York Stock Exchange launches trading on Dec. 26 for its first-ever marijuana fund, a major step for an industry that’s struggled to access mainstream U.S. financial instruments, even as Canadian markets have kicked off marijuana investment.

The Alternative Agroscience exchange-traded fund (ETF) is comprised of U.S. companies operating in states where marijuana is legal in various forms. They include cultivators, weed-related biopharmaceutical firms, as well as pesticide and fertilizer manufacturers.

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