The surge of the cannabis industry does not go unrecognized. Case in point, as part of a survey of Canadian investment advisors, the Horizons ETFs Management revealed on Friday (January 19) the growing enthusiasm for cannabis as the market makes way to establish itself in the eyes of generalists.
The survey, titled Q1 2018 Advisor Sentiment Survey, gathered the general output from several investment advisors for a variety of markets, including oil, the Canadian dollar, and US Bonds. The output of cannabis ranked among the most positive ones and showed a huge improvement from the previous survey.
Sixty-four percent of the people questioned disclosed a bullish sentiment for the North American Marijuana Index, representing an 18 percent increase from the previous Horizons survey.
Steve Hawkins, president and Co-CEO of Horizons ETFs, said with upcoming recreational legalization set to expand the market opportunity in Canada this year, advisors are “expecting big revenues” from the players in this space.
“The Canadian Cannabis industry experienced explosive growth last year and advisors believe that will continue,” Hawkins said.

Exposure to investors through cannabis-focused ETF

Horizons ETFs leads the way of the public exchange-traded fund focused entirely on cannabis with the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ; OTC:HMLSF). An offering for investors that has proved valuable since its launch on April 4, 2017.
So far this year, the Horizons ETF has increased by 24.62 percent. Some of the holdings tracked by ETF include top companies in the market like Aurora Cannabis (TSX:APH; OTC:ACBFF) and Canopy Growth (TSX:WEED), which are neck-in-neck in terms of their weight in the ETF at 15.04 and 15.03 percent respectively.


Investor Takeaway

Cannabis companies and investors have been waiting for the chance when the industry would earn recognition from the rest of the established market, and it appears the moment is closer than ever.
With Canadian banks showing a willingness to engage with cannabis companies and the upcoming legalization for recreational use, the business of marijuana may finally see eye-to-eye with the rest of the Canadian markets.
Don’t forget to follow us @INN_Cannabis for real-time news updates!
Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

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