POTX: A Potent Pot ETF Debuts

“Since allowing recreational retail distribution of cannabis in 2014, Colorado’s monthly sales figures offer more recent insights into the potential growth trajectory of newly legalized markets,” said Global X. “Recreational sales started at $14 million per month in 2014, growing to over $122 million by June 2019, representing a 48% compound annual growth rate (CAGR). In June 2019, Colorado reached combined monthly recreational and medical sales of $152 million, or a $1.8 billion annual revenue run rate. Total sales since legalization stand at roughly $6.8 billion.”

If the number of states, currently 11, with fully legal marijuana increases and Canadian companies prove adept at encroaching into the U.S., POTX could be a winner.

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