Balchunas on Cannabis ETF That Inhales Cash (Audio)

Bloomberg Intelligence analyst Eric Balchunas discusses the growth of the world’s first ETF that tracks the marijuana industry. The Canadian-domiciled Horizons Medical Marijuana Life Sciences ETF (ticker: HMMJ CN) has taken in more than $80 million in its first month on the market, even as its shares have fallen 14%. This is a daily ETF podcast from Bloomberg’s Catherine Cowdery.

producer: Catherine Cowdery +1-212-617-5560 or ccowdery@bloomberg.net

Running time 02:22

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