YOLO ETF: The Cannabis Industry’s Latest Bet on Growth


 
 
08:33 04/24/2019











The cannabis boom is here.



And it’s not going away.  In fact, it’s only just begun.



Not only has the cannabis story disrupted alcohol, cigarettes, food, pharmaceuticals, and the global wellness industry.  Even major retailers are jumping on board, seeing incredible opportunities for growth.



Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019. Barney’s will launch “The High End.” CVS will carry a line of CBD products in eight states, including California, Illinois, Colorado, and Alabama. Even Walgreen’s will sell CBD products, including creams, patches, and sprays.



Now, even the Vitamin Shoppe just announced it’s selling CBD soft gels, and will soon begin selling CBD drops.  According to CNBC, Vitamin Shoppe hopes that selling CBD products will help further distinguish itself as it fends off competition from Amazon and other online retailers who make it easy for consumers to order vitamins and protein powders online. 



A good deal of investors are jumping on board the green bandwagon, too.



So much so, a new cannabis ETF was just launched.



AdvisorShares Pure Cannabis ETF [AMEX:YOLO]



YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace, notes AdvisorShares. 



Already included in the ETF are stocks such as Green Organic Dutchman Holdings, Supreme Cannabis, Aurora Cannabis, Tilray Inc., Canopy Growth, Aleafia Health, WeedMD, Khiron Life Sciences, and Village Farm International.  



ETFs offer great exposure to sectors, at a cheaper cost.








This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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