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I have heard of people who have done well investing in this.

However, it is not something I personally would invest in.

If you do plan to invest, I would recommend just doing some research to find out which companies are leading the market.

You can always take suggestions from others, but when it comes to investing, you really have to make the decision based on what you are comfortable with and makes sense to you as an investor.

I recommend using ETFDB for this type of research and then sort by AUM and avg volume. You'll want a very liquid ETF (high volume). I believe $MJ is the 'highest' in terms of AUM and avg volume.  Be aware of expense ratios on sector specific ETFs.

Once you've found a few, check out Morningstar for more research data and info.

Last edited by Former Member

It looks like marijuana is here to stay and more and more states appear to be legalizing it. I don't really see a problem investing in a company that services the cannabis industry.

If you do choose to invest in these companies I would recommend diversifying, because it is a young industry with a lot of volatility, but that also means there is a lot of opportunity for profit.

TRLY - Tilray
CGC - Canopy Growth Corp
CRON - Cronos Group

These are some big players in the industry to watch out for.

@GinaH posted:

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 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.

Last edited by GinaH

I was curious if anyone knows of a site or app similar to the idea of Coinbase, you buy and sell different cryptocurrencies. You can read all about the actual coins, the company that owns/runs them, their mission, their vision, etc.

I've wanted to invest in something like this, as well. But I would want to research and be able to learn about the companies.....but I wouldn't know where to start. That's what is nice about this one-stop-shop type of platform.

And you are right, it is not going away. It is only going to get bigger. I cannot believe how many dispensaries have popped up just in my area alone. Every month there are a few more. Some are huge and some are little holes-in-the-wall. It's quite interesting to watch.

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