Irish investors will next week be offered their first opportunity to invest in an exchange traded fund (ETF) focused on the fast-growing legal marijuana industry. Canadian fund group Purpose Investments plans to launch the Medical Cannabis and Wellness ETF from Monday, January 13th, which will be Europe’s first such product. The fund will be listed in Germany and made available to investors in Britain, Italy and Ireland. The second largest fund, the $327 million Horizons Medical Marijuana Life Sciences ETF, listed in Canada, lost 33.8 per cent. “Medical cannabis is an emerging industry with huge growth potential and significant investor interest,” said Hector McNeil, co-founder and co-chief executive at HANetf.

Source: The Irish Times January 06, 2020 10:30 UTC