E "Marijuana" ETFs: The Great Pretenders

If you are more interested in just having a clear picture of what is happening in the cannabis sector without the misleading inclusion of non-marijuana companies masquerading as marijuana companies (marginally-related at best) then I suggest you follow the almost daily postings on TalkMarkets of the stocks in the sector divided into specific categories to accurately reflect what is actually happening within the sector.

Below is a comparison of how each of the above indices have performed YTD, and so far in April in brackets, which we think provides the clearest overview of the cannabis stock sector that is available anywhere:

  1. the Canadian Pure-Play Licensed Producers Pot Stock Index (8 constituents): +36.7% YTD (-17.0% so far in April); (See index details here.)
  2. the American Pure-Play Multi-State Operators Pot Stock Index (22 constituents): +28.7% YTD; (-7.6% so far in April);  (See details here)
  3. the Ancillary Pot Stocks Index (16 constituents): +12.3% YTD; (-4.4% so far in April); (See details here)
  4. the Conservative Tobacco/Spirits Pot-related Stocks Index (8 constituents): +6.3% YTD; (+3.0% so far in April); (See details here) and
  5. the new Cannabis-Centric Bio-Pharma Companies Index (13 constituents): -1.1% YTD; (-14.1% so far in April); (See details here.)

If you want to know how well, or poorly, the marijuana stock sector is doing check out the details of the above indices (updated once or twice a week here on TalkMarkets) instead of the marijuana ETFs analyzed above and you will be the most informed individual you can possibly be.

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Wendell Brown 1 month ago Member's comment

It doesn't seem to me that these ETF fund managers are misleading anyone, you just seem to think ETFs should be all pure-play or nothing.