- Global X - the reputed exchange-traded fund brand marketed by Mirae Asset Management - has launched an all-in thematic cannabis play.
- Increasingly popular, particularly under a weed-friendly Democratic administration, the sector is looking towards a revival following a period of widespread bust in 2019.
- Multiple heavily publicized and storied Canadian cannabis firms first saw light on US equity markets in late 2018. Several exploded massively to the upside, which doped an investor frenzy.
- But the sector is characterized by huge leverage, little in terms of earnings, big valuations, and broad media fanfare.
- Let us break down Global X Cannabis to see if it is a worthy holding or just another cannabis smokescreen.
For further details see:
POTX Primed To Deliver Best In Class Cannabis Returns