I don't want to invest in single company marijuana stocks, I want an industry ETF. Does anyone know of any out there? I'm also looking for a Gambling App ETF. Thanks!
I've done some research and decided to invest in a Marijuana-focused ETF fund. There are several but MJ (includes mostly non-US companies I think) and MSOS (US company/market focused) seem to be the two most talked about in articles. The advantage of an ETF is that your risk is spread across multiple companies and all your eggs aren't in one company's basket. They include companies like Miracle-Gro as well as actual marijuana growers.
I set aside a small portion of my investment money for "fun" investments like this with the bulk in an index or target-date funds.
UPDATE: I found ETF.com where you can research ETFs and see the companies held in them. Then I read articles on Kiplinger, Motley Fool, and other finance sites to gather more info.