#8 - ETFMG Alternative Harvest (ETF:MJ)
ETFMG Alternative Harvest ETF (NYSEARCA: MJ) - One thing the cannabis craze has sparked is a flood of Exchange-Traded Funds (ETFs) that seek to make it easy for investors to speculate without having to pick an individual company. ETFMG Alternative Harvest includes many of the top cannabis companies, including some that are probably on this list. However, the ETF also provides exposure to some Canadian cannabis stocks that may be tough to buy if you don’t live in Canada. That can be significant for investors seeking to find growth stocks. In the U.S., even the most well-run cannabis companies face barriers to capital and are essentially all-cash businesses. This can be especially difficult for a start-up. Canadian companies, however, do not face the same barriers to capital as some of their U.S. counterparts. Plus, the Canadian society as a whole has a more progressive mindset that is just beginning to become a part of the U.S. conversation. Investing in this ETF gives you exposure to some of these companies as well.
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