The Pot ETF Is Poised to Go Mainstream, Analysts Say
- Legal qualms about such products are starting to ease up
- Assets could rise to $5 billion within years, BI predicts
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The fund industry is getting more relaxed about marijuana investment.
BlackRock Inc., the world’s largest asset manager, is “likely” to start a cannabis-focused exchange-traded fund, as concern about the legality of such strategies starts to fade, according to Bloomberg Intelligence. Other large issuers could follow, boosting assets in pot ETFs to $5 billion over the next few years, analysts led by Eric Balchunas wrote in a report on Friday.