Cannabis Stocks Offer Higher Growth at Lower Valuations, ETF Manager Says — the Top 2022 Trend He's Watching

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Cannabis ETF manager Tim Seymour shares his 2022 forecast for the rapidly growing industry as U.S. legalization hangs in the balance.

CEO Irwin Simon told CNBC this week that his company would take a two-pronged approach to business while legislation hangs in the balance: focusing on countries where the substance is federally legal and developing brands in cannabis-adjacent markets.

This targeted approach should help"insulate" publicly traded cannabis companies against margin pressures after a difficult 2021 in which cannabis ETFs declined between 20 and 40%, said Seymour, who is also founder and chief investment officer of Seymour Asset Management and a CNBC contributor.

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