Think Twice Before You Invest in This Pot ETF – Investment U

“When I was in England, I experimented with marijuana a time or two and didn’t like it. I didn’t inhale, and I didn’t try it again.”

– Bill Clinton, 1992

Then-presidential candidate Bill Clinton’s answer to the question about whether he ever smoked pot became a running joke in the 1990s.

By the time Barack Obama was asked the same question just 14 years later in 2006, he shrugged his shoulders and said, “When I was a kid, I inhaled. That was the point.”

America’s attitude toward pot has changed over the decades.

At the height of the counterculture movement in 1969, only 12% of Americans approved of legalizing pot, according to a Gallup poll.

By 2016, that number had jumped to 60%.

Fast-forward to 2018, and little old ladies in Pasadena can now buy an exchange-traded fund (ETF) that invests in pot-related businesses.

On December 26, the ETFMG Alternative Harvest ETF (NYSE: MJX) became the first marijuana-focused ETF to list on the New York Stock Exchange.

The launch was a roaring success.

After starting with only $5 million, the ETF attracted more than $350 million in just over a month.

If you’ve followed the stock recommendations of some of my Oxford Club colleagues, you made some big money in marijuana stocks in 2018.

Still, buying pot stocks – especially in the U.S. – is riskier than, say, investing in a fast-growing tech company.

After all, it’s unlikely that the U.S. Department of Justice will declare Silicon Valley’s latest darlings “illegal” overnight.

Drug Dealing for Fun and Profit

Pot is a big business.

Arcview market research expects the North American cannabis market to grow from $6.7 billion in 2016 to $22.6 billion by 2021.

That equals an eye-popping compounded annual growth rate of 27% – a rate matched only

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