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BlackRock Is Nearing A Pot ETF As Legal Obstacles Start To Fade
FYI: The fund industry is getting more relaxed about marijuana investment.
BlackRock Inc., the world’s largest asset manager, is “likely” to start a cannabis-focused exchange-traded fund, as concern about the legality of such strategies starts to fade, according to Bloomberg Intelligence. Other large issuers could follow, boosting assets in pot ETFs to $5 billion over the next few years, analysts led by Eric Balchunas wrote in a report on Friday. Regards, Ted https://www.bloomberg.com//news/articles/2019-07-12/a-blackrock-pot-etf-may-be-closer-than-you-think-say-analysts?srnd=markets-vp
