Say Hello to the Very First Marijuana ETF You Can Buy in the U.S.

Say Hello to the Very First Marijuana ETF You Can Buy in the U.S.

The marijuana industry, and marijuana stocks for that matter, have been worth marveling at recently. A majority of marijuana stocks have doubled or tripled in value over the past year as legal weed sales in North America jumped by 34% last year to $6.9 billion, according to cannabis research firm ArcView.

But this could be just the tip of the iceberg. ArcView is also predicting North American legal sales growth of 26% per year through 2021, yielding a market worth nearly $22 billion. The possible legalization of adult-use weed in Canada, along with the recent legalization of medical cannabis in Mexico and the expectation that more U.S. states will choose to green-light recreational pot, has the industry and investors extremely excited.

Image source: Getty Images.

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Source: Fool.com