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    Cannabis Stocks Could See Higher Highs Heading into Election - 3/28

    Dylan Jovine
    Thursday, March 28, 20243 min read
    Cannabis Stocks Could See Higher Highs Heading into Election - 3/28

    Cannabis may be one of the most controversial topics on the market.
    But it could also prove to be among the most profitable.
    While U.S. states and countries around the world legalize its use, we’re still waiting on federal legalization. In fact, we may hear more about potential legalization heading into U.S. elections this year, especially when a growing number of Americans support it.
    According to a recent Pew Research poll, “An overwhelming share of U.S. adults (88%) say marijuana should be legal for medical or recreational use. Nearly six-in-ten Americans (57%) say that marijuana should be legal for medical and recreational purposes, while roughly a third (32%) say that marijuana should be legal for medical use only. Just 11% of Americans say that the drug should not be legal at all.”
    In addition, according to Vice President Kamala Harris, “We need to legalize marijuana.”
    As noted by Marijuana Moment:
    For the first time since joining the ticket as President Joe Biden’s running mate in 2020, Vice President Kamala Harris has called for the legalization of marijuana—signaling a possible shift in the administration’s platform heading into the November elections. Harris told a room of cannabis pardon recipients at the White House that “we need to legalize marijuana,” a participant in the meeting has revealed.








    That being said, investors may want to position their portfolios for exposure to cannabis stocks with ETFs such as:
    Company: Global X Cannabis ETF (POTX)
    One way is to invest in the Global X Cannabis ETF (POTX).  While its chart is nothing to write home about, give it time.  Legalization could send it to new highs, eventually.  With an expense ratio of 0.51%, the ETF invests in companies involved in the legal production, growth and distribution of cannabis and industrial hemp, as well as those involved in providing financial services to the cannabis industry, pharmaceutical applications of cannabis.
    Some of its top holdings include Tilray, Innovative Industries, Canopy Growth, AFC Gamma, Cronos Group, and Aurora Cannabis to name a few.



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    There’s also the Advisor Shares Pure US Cannabis ETF (MSOS). With an expense ratio of 0.60%, the ETF was the first actively managed U.S.-listed ETF with dedicated cannabis exposure focusing exclusively on U.S. companies, including multi-state operators, as noted by Advisor Shares.  Some of its top holdings include Green Thumb Industries, Curaleaf, Cresco Labs, and Trulieve to name a few.






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    Written by Dylan Jovine

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