The Very First Marijuana Stock ETF Just Debuted: Should You Be Buying?

The Very First Marijuana Stock ETF Just Debuted -- Should You Be Buying?

Pixabay / NikolayFrolochkin / CC0 Public Domain

This past week brought a first for the investment world — a medical marijuana electronic-traded fund (ETF) made its debut.

The ETF, the Horizons Medical Marijuana Life Sciences ETF (TSE: HMMJ), debuted on the Toronto Stock Exchange this past Wednesday. Its objective is to mirror the return of the North American Medical Marijuana Index, net of expenses, and it’s currently doing this with 14 marijuana stocks in its basket.

There are quite a few interesting aspects worth noting about this ETF.

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