CANNAINVESTOR Magazine May 2017 - Page 51

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Retail Investor's Perspective

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My upcoming article for the 2nd Canadian issue of CANNAINVESTOR Magazine has a California Dreaming section. If you have not yet subscribed to the Canadian edition then I encourage you to consider doing so at www.cannainvestormag.ca as it is a leading authority for investment information in that country’s legal cannabis and hemp industry.

The World’s first ETF is the Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ). HHMJ states as its investment objective:

Horizons Medical Marijuana Life Sciences ETF (“HMMJ”) seeks to replicate, to the extent possible, the performance of the North American Medical Marijuana Index, net of expenses. The North American Medical Marijuana Index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry.

The holdings within HMMJ represents the North American Medical Marijuana Index and with expert portfolio management may be well positioned to navigate the shockwaves that are coming to the industry on both sides of the border. 14 of 16 of HMMJ’s core holdings have appeared in past or present issues with one of the two omitted companies scheduled to be covered in the 2nd issue of the Canadian edition. While attending O’Cannabiz in Toronto, a keynote speaker pondered aloud when the first ETF may come to the industry. When he was advised that HMMJ had been available for a few weeks there was an awkward silence. To me, it is just further proof how ripe this industry just may be for the retail investor whether it be an accredited investor or someone buying their first investment.