Cannabis stock is different from crypto: weed fund founder

Posted September 25, 2018

The ETFMG Alternative Harvest ETF (MJ), has risen by 31.5% since March. Jason Wilson, president of Budding Equity Asset Management, launched the ETF in partnership with ETF Managers Group in December. Alcoholic-beverage maker Constellation Brands’ $4 billion investment in Canadian marijuana grower Canopy Growth was the largest catalyst, said Wilson. Since that deal, investments in the ETF have doubled. Now the ETF has over $658 million assets under management.

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