Cannabis ETF Surges as Alcohol Industry Looks to Marijuana
This article was originally published on ETFTrends.com.
A cannabis-related ETF was among leaders in the markets Monday as Canadian pot stocks rallied amid rising speculation that more alcohol companies will be partnering up with marijuana growers in response to Canada’s move toward legalization. The ETFMG Alternative Harvest ETF (NYSEArca: MJ), first U.S.-listed ETF to target the cannabis and marijuana industry, jumped 6.2% [...]