Marijuana index funds
- InvestorNewb
- Posts: 1663
- Joined: Mon Sep 03, 2012 11:27 am
Marijuana index funds
Hello,
In 2014 it will be legal to buy marijuana in Colorado. I think this will be the start of the legalization of the drug across the US, and maybe Canada too.
I'm sure this will come off as a stupid question, but are there any index funds that only have marijuana companies?
In 2014 it will be legal to buy marijuana in Colorado. I think this will be the start of the legalization of the drug across the US, and maybe Canada too.
I'm sure this will come off as a stupid question, but are there any index funds that only have marijuana companies?
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)
Re: Marijuana index funds
I'm going to wait until the smoke clears
Re: Marijuana index funds
Yep.InvestorNewb wrote:
I'm sure this will come off as a stupid question
-
- Posts: 631
- Joined: Tue Oct 29, 2013 11:11 pm
Re: Marijuana index funds
There's always this one ...
http://en.wikipedia.org/wiki/Vice_Fund
(which is arguably a pretty [poor --admin LadyGeek] fund anyways)
http://en.wikipedia.org/wiki/Vice_Fund
(which is arguably a pretty [poor --admin LadyGeek] fund anyways)
Re: Marijuana index funds
Since they are violating federal laws, it seems unlikely.
Re: Marijuana index funds
There are numerous single company plays to invest in weed. I'd guess an index fund is less than 12 months out.
In Colorado the medical pot retailers are the ones being granted the general retail licenses come January 1.
So basically an investment in "medical" pot is a proxy for the end of prohibition on pot for all.
http://www.thcbiz.com/marijuana-stocks. ... zl0nx.dpuf
Market data is delayed at least 15 minutes.
CBIS 0.03 ▼0.0027 (-7.71%)
CTH.V CA$0.43 ▼0.020 (-4.44%)
EDXC 0.06 ▲0.0030 (5.00%)
ENDO 0.02 0.0000 (0.00%)
ERBB 0.00 ▼0.0001 (-8.33%)
EXMT 0.00 0.0000 (0.00%)
CANN 1.81 ▼0.19 (-9.50%)
CANV 16.20 ▲0.20 (1.25%)
FSPM 0.27 ▲0.040 (17.39%)
GRNH 0.03 ▼0.0022 (-6.94%)
GWP.L GBX165.50 ▼4.75 (-2.79%)
HEMP 0.01 ▲0.0002 (1.77%)
MCIG 0.09 ▼0.0110 (-10.48%)
MDBX 16.00 ▼1.75 (-9.86%)
MJNA 0.11 0.000 (0.19%)
MWIP 0.02 ▲0.0010 (6.25%)
NVLX 0.13 ▼0.001 (-0.62%)
PHOT 0.09 ▲0.0015 (1.70%)
PLPL 0.48 ▲0.020 (4.35%)
PUGE 0.75 ▲0.023 (3.17%)
RIGH 0.00 0.0000 (0.00%)
RFMK 0.00 ▼0.0001 (-33.33%)
SKTO 0.01 0.0000 (0.00%)
TRTC 0.09 ▼0.0030 (-3.33%)
http://www.thcbiz.com/marijuana-stocks. ... zl0nx.dpuf
In Colorado the medical pot retailers are the ones being granted the general retail licenses come January 1.
So basically an investment in "medical" pot is a proxy for the end of prohibition on pot for all.
http://www.thcbiz.com/marijuana-stocks. ... zl0nx.dpuf
Market data is delayed at least 15 minutes.
CBIS 0.03 ▼0.0027 (-7.71%)
CTH.V CA$0.43 ▼0.020 (-4.44%)
EDXC 0.06 ▲0.0030 (5.00%)
ENDO 0.02 0.0000 (0.00%)
ERBB 0.00 ▼0.0001 (-8.33%)
EXMT 0.00 0.0000 (0.00%)
CANN 1.81 ▼0.19 (-9.50%)
CANV 16.20 ▲0.20 (1.25%)
FSPM 0.27 ▲0.040 (17.39%)
GRNH 0.03 ▼0.0022 (-6.94%)
GWP.L GBX165.50 ▼4.75 (-2.79%)
HEMP 0.01 ▲0.0002 (1.77%)
MCIG 0.09 ▼0.0110 (-10.48%)
MDBX 16.00 ▼1.75 (-9.86%)
MJNA 0.11 0.000 (0.19%)
MWIP 0.02 ▲0.0010 (6.25%)
NVLX 0.13 ▼0.001 (-0.62%)
PHOT 0.09 ▲0.0015 (1.70%)
PLPL 0.48 ▲0.020 (4.35%)
PUGE 0.75 ▲0.023 (3.17%)
RIGH 0.00 0.0000 (0.00%)
RFMK 0.00 ▼0.0001 (-33.33%)
SKTO 0.01 0.0000 (0.00%)
TRTC 0.09 ▼0.0030 (-3.33%)
http://www.thcbiz.com/marijuana-stocks. ... zl0nx.dpuf
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.
Re: Marijuana index funds
While it goes against the Bogleheads philosphy, there are some individual stocks out there that are involved with the cannabis industry.
http://marijuanastocks.com/content/list ... ana-stocks
A list of the "best" pot stocks:
http://investorplace.com/2013/11/best-m ... ocks-mjna/
A cautionary note regarding potential scams:
http://www.cnbc.com/id/101134656
I guess you could always invest in MO, hasn't there been a rumor around for years that they copywighted names such as Acapulco Gold etc?
http://beta.fool.com/takeoveranalyst/20 ... cks/23401/
Mike
http://marijuanastocks.com/content/list ... ana-stocks
A list of the "best" pot stocks:
http://investorplace.com/2013/11/best-m ... ocks-mjna/
A cautionary note regarding potential scams:
http://www.cnbc.com/id/101134656
I guess you could always invest in MO, hasn't there been a rumor around for years that they copywighted names such as Acapulco Gold etc?
http://beta.fool.com/takeoveranalyst/20 ... cks/23401/
Mike
- cheese_breath
- Posts: 11786
- Joined: Wed Sep 14, 2011 7:08 pm
Re: Marijuana index funds
Wouldn't a marijuana index have to be established first so the mj index funds would have something to track to?
The surest way to know the future is when it becomes the past.
Re: Marijuana index funds
InvestorNewb,
You may want to check out Motif Investing, an interesting start up broker that tries to bundle stocks based on hot trends or industries/corners of the market that people like to speculate about. If they don't have a basket now, I'm sure they will soon.
You may want to check out Motif Investing, an interesting start up broker that tries to bundle stocks based on hot trends or industries/corners of the market that people like to speculate about. If they don't have a basket now, I'm sure they will soon.
There are times when, at least for now, one must be content to love the questions themselves - Neil deGrasse Tyson
Re: Marijuana index funds
At the end of the year I predict there will be a mini-mania in a number of pot stocks.
The New Years press coverage is going to be non-stop and there will be plenty of analogies drawn to the beginning of the end for pot prohibition.
But which of the few $10 stocks will go to $100 and which of of the penny stocks will go to $5?
That's the hard part........
I think the eventual winner is going to be big tobacco.
The New Years press coverage is going to be non-stop and there will be plenty of analogies drawn to the beginning of the end for pot prohibition.
But which of the few $10 stocks will go to $100 and which of of the penny stocks will go to $5?
That's the hard part........
I think the eventual winner is going to be big tobacco.
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.
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Re: Marijuana index funds
This would be a SECTOR fund, not an Index fund, folks...
Attempted new signature...
Re: Marijuana index funds
plus 2Gort wrote:Yep.InvestorNewb wrote:
I'm sure this will come off as a stupid question
Never underestimate the power of the force of low cost index funds.
Re: Marijuana index funds
What are you smoking? Any cap-weighted fund is an index fund even if it is a sector fund.The Wizard wrote:This would be a SECTOR fund, not an Index fund, folks...
Re: Marijuana index funds
A Home Delivery Pizza Index will follow shortly.
Ticker: VHDPI ( .1416ER )
Ticker: VHDPI ( .1416ER )
Re: Marijuana index funds
Right after the Bryer's Ice Creme!
- 3CT_Paddler
- Posts: 3485
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- Location: Marietta, GA
Re: Marijuana index funds
A great business and a great stock are many times not one and the same. And if any single 'pot' company gets large enough there is large systematic risk that the Feds shut it down.
- SquawkIdent
- Posts: 929
- Joined: Tue Dec 23, 2008 6:14 pm
- Location: Planet Earth
Re: Marijuana index funds
Plus 3ofcmetz wrote:plus 2Gort wrote:Yep.InvestorNewb wrote:
I'm sure this will come off as a stupid question
Re: Marijuana index funds
Philip Morris has beaten the S&P 500 by about 100% in the last 5 years, so I'd say it's not without potential.
- Phineas J. Whoopee
- Posts: 9675
- Joined: Sun Dec 18, 2011 5:18 pm
Re: Marijuana index funds
Let's take a pause to reflect.
Marijuana is a commodity. The first thing we should expect to see is potstickers futures.
Owning a company which produces, processes, transports or sells gold marijuana is not the same as owning the gold marijuana itself. Furthermore, unlike mined AU, harvested MJ will not last forever unchanged. It resembles sorghum more than noble metals. Also unlike gold, marijuana breeds marijuana. It is not sterile. It is an investment with an expected return.
With the federal government using its prosecutorial discretion not to go after recreational users in Colorado and Washington, wouldn't we expect it to do the same if New York legalizes trading in pot derivatives?
Caution is warranted: one administration's prosecutorial discretion may become the next's moral panic.
PJW
Marijuana is a commodity. The first thing we should expect to see is potstickers futures.
Owning a company which produces, processes, transports or sells gold marijuana is not the same as owning the gold marijuana itself. Furthermore, unlike mined AU, harvested MJ will not last forever unchanged. It resembles sorghum more than noble metals. Also unlike gold, marijuana breeds marijuana. It is not sterile. It is an investment with an expected return.
With the federal government using its prosecutorial discretion not to go after recreational users in Colorado and Washington, wouldn't we expect it to do the same if New York legalizes trading in pot derivatives?
Caution is warranted: one administration's prosecutorial discretion may become the next's moral panic.
PJW
Last edited by Phineas J. Whoopee on Thu Dec 05, 2013 5:55 pm, edited 2 times in total.
Re: Marijuana index funds
The sector ETF for this is HIGH
Re: Marijuana index funds
Standardized THC level laced liquids or waxes for vaporization in E-doobie (vape pen) devices should be a major beneficiary of legalization.
People wouldn't trust such a product bought through the illegal market but it should do very well at the regulated retail level.
Little or no smell, far more concealable and fewer health concerns. They are already being sold in the medical pot retail channels.
But again, how does one translate that into a profitable investment.......
The nightclub district of our city has a take-out restaurant that sells only made to order gourmet hand-cut french fries with many different sauces.
They should do very well after Jan 1.
People wouldn't trust such a product bought through the illegal market but it should do very well at the regulated retail level.
Little or no smell, far more concealable and fewer health concerns. They are already being sold in the medical pot retail channels.
But again, how does one translate that into a profitable investment.......
The nightclub district of our city has a take-out restaurant that sells only made to order gourmet hand-cut french fries with many different sauces.
They should do very well after Jan 1.
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.
- Phineas J. Whoopee
- Posts: 9675
- Joined: Sun Dec 18, 2011 5:18 pm
Re: Marijuana index funds
One could short dark alleys. Even short dark alleys could be shorted. Or, one could develop technology to brighten alleys, anticipating that the NIMBY voters will drop their objections.MnD wrote:Standardized THC level laced liquids or waxes for vaporization in E-doobie (vape pen) devices should be a major beneficiary of legalization.
People wouldn't trust such a product bought through the illegal market but it should do very well at the regulated retail level.
Little or no smell, far more concealable and fewer health concerns. They are already being sold in the medical pot retail channels.
But again, how does one translate that into a profitable investment.......
The nightclub district of our city has a take-out restaurant that sells only made to order gourmet hand-cut french fries with many different sauces.
They should do very well after Jan 1.
PJW
Re: Marijuana index funds
Buy White Castle stock
Re: Marijuana index funds
And Frito Lay.Dutch wrote:Buy White Castle stock
Short Nike. They are changing their logo in the Colorado and Washington markets [OT logo removed by admin LadyGeek]
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.
Re: Marijuana index funds
Index fund?
I think you have to roll your own.
I think you have to roll your own.
Leonard |
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Market Timing: Do you seriously think you can predict the future? What else do the voices tell you? |
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If employees weren't taking jobs with bad 401k's, bad 401k's wouldn't exist.
Re: Marijuana index funds
On a slightly more serious note:
I'm not sure the total number of users will increase with legalization. This did not happen in my native country. So, related industry (like the munchies) would not necessarily see an increase.
I'm not sure the total number of users will increase with legalization. This did not happen in my native country. So, related industry (like the munchies) would not necessarily see an increase.
- climber2020
- Posts: 2708
- Joined: Sun Mar 25, 2012 8:06 pm
Re: Marijuana index funds
This is a good point. All the people I know who are really excited about this are already smoking on a daily basis without too much concern for any legal barriers.Dutch wrote:On a slightly more serious note:
I'm not sure the total number of users will increase with legalization. This did not happen in my native country. So, related industry (like the munchies) would not necessarily see an increase.
Plus, most of Colorado has been pretty relaxed about this from a law enforcement standpoint for many years already.
- InvestorNewb
- Posts: 1663
- Joined: Mon Sep 03, 2012 11:27 am
Re: Marijuana index funds
It wasn't a stupid question after all; some of the responses have been pretty good actually. [OT comment removed by admin LadyGeek]SquawkIdent wrote:Plus 3ofcmetz wrote:plus 2Gort wrote:Yep.InvestorNewb wrote:
I'm sure this will come off as a stupid question
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)
Re: Marijuana index funds
Tobacco is not a schedule 1 narcotic by federal law...core5 wrote:Philip Morris has beaten the S&P 500 by about 100% in the last 5 years, so I'd say it's not without potential.
Re: Marijuana index funds
The comments so far have discussed investing, legality (illegal at US federal level), ignoring the law, off-topic comments, and quite a number of metaphors. I don't see any value to continue, this thread has run its course and is locked. See: Forum Policy
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