Investment

Last week, Horizons ETF Management launched the first medical marijuana exchange-traded fund ever to be approved by stock market regulators. The Medical Marijuana Life Sciences ETF is an investment fund that tracks companies involved with medical marijuana bioengineering, while avoiding any companies that are connected to recreational use.

The fund has seen immediate popularity, with an average daily trading volume of over a million shares. In the first four sessions since its launch, the fund rose a total of 17.8% in value, and has now amassed over $28 million in assets.

The roller coaster of investment for the emerging worldwide cannabis industry has been even more volatile than traditional stocks.