| Pot has been generating lots of buzz. Twenty-three states and the District of Columbia have legalized marijuana, either for medicinal or personal use, while an additional 13 have planned votes by 2016. If the trend toward legalization continues, there’s big profit potential, considering $2.5 billion in legal sales last year—and the estimated $60 billion in illegal sales.
ArcView Market Research estimates that the national cannabis market will reach $10.8 billion in sales (retail and wholesale) by 2019. While there are exchange-traded funds for rare earth metals and for stocks headquartered in Nashville there are no ETFs that track pot stocks. An argument against a pot ETF is that the stocks are tiny and volatile. That may actually be the best reason for such an ETF, since volatility can be lessened through diversification...............................................Full Article: Source
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