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TLRY - MJ: Yes The Marijuana ETF Has Provided A Steady 6-7% Yield
Tilray Inc.
With the Fed aiming to keep rates near zero for at least the next few years, income seekers will need to venture out on the risk spectrum for higher yields.
One pretty unconventional sector that could help fill the income gap is marijuana.
The fund's largest underlying components don't pay a dividend, but securities lending allows MJ to pay a 6%+ yield.
I'll examine MJ one more time to review the income generation process and discuss its place within an income portfolio.