Cannabis stocks may be some of the most controversial.
But they could also make you a good deal of money.
Not only do most Americans support legalization, but Donald Trump just said he backs easing cannabis restrictions. In fact, as noted by Investopedia.com:
The Republican presidential candidate wrote on his Trump Media & Technology Group owned social media site Truth Social that he believed it’s time to “end needless arrests and incarcerations of adults for small amounts of marijuana for personal use.” Trump added that if elected he would focus on ways of making marijuana lowered to a Schedule III drug classification, and “work with Congress to pass common sense laws, including safe banking for state authorized companies.”
Or, should Kamala Harris win the election, she has also said she supports legalization.
That being said, investors may want to jump into related cannabis stocks and ETFs such as the
ETFMG Alternative Harvest ETF (MJ).
Or, take a look at the ETFMG Alternative Harvest ETF (MJ). With an expense ratio of 0.78%, the ETF measures the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives, as noted by ETFMG.com.