Roll up! European savers are invited to savour a novel investment opportunity focused on the marijuana industry. The pioneering Medical Cannabis and Wellness exchange traded fund is coming to the continent via Canadian fund group Purpose Investments.
Those buying a stake in the fund — which is set to invest in public companies with legal activities in the medical cannabis market — should brace themselves for a rollercoaster ride. Similar funds dropped nearly a third in 2019 after the smoke came out of an overhyped market. Cannabis investments sometimes look a bit like cryptocurrencies, and not just because of the anti-establishment vibe.
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