3 Reasons to Consider a Cannabis Mutual Fund
While recent statements from legal officials at the federal level take a little of the luster off the continuing momentum of the medical and recreational marijuana industry, there are still plenty of reasons to consider a cannabis mutual fund. The Cannabis Growth Fund [CANNX] is one of the first open-end mutual funds to invest primarily in companies related to the cannabis industry. It provides investors access to a growing, emerging industry via a professionally managed investment.
Reasons to Buy Cannabis Stocks
Access an Emerging Industry
Participate in a Growth Opportunity
The Fund is a specialty and actively managed portfolio focused on investing in the cannabis industry, providing potentially small-cap, aggressive growth exposure. When including the Fund in an overall portfolio, investors should consider their long-term objectives and goals and place the Fund appropriately within an equity portfolio.
Should You Invest in Marijuana Stocks
Pot stocks can be temperamental but as legislation has continued to expand the opportunities for the marijuana market. Former Republican House Speaker John Boehner is on the board of cannabis company Acreage Holdings, along with former Republican Governor of Massachusetts, Bill Weld. Boehner believes that federal legalization or decriminalization of cannabis in the United States could be on the table as soon as 2020 or 2021. Similarly, the tide appears to be turning in Mexico, where two movements are converging to advocate for legalization of medical marijuana: the users who benefit from its pain-relieving properties, and the anti-cartel movement who want to strip a major source of illegal revenue from Mexican organized crime. Cannabis Growth Fund is administrated by Foothill Capital Management, a specialized asset manager focused on innovative, fast-growing, and emerging markets. We strive to provide investors with an aggressive growth component in their equity portfolios. The members of our core executive team, all seasoned investment professionals, have worked together for over 25 years. They all have experience in providing a full range of services for mutual fund companies. If you want to find out how to invest in cannabis stocks with us, you can call (800) 446-1179.
OF SPECIAL NOTE
Statements, estimates and forecasts are subject to significant legal, business, economic, and competitive uncertainties, including competition, limited access to bank services, litigation, enforcement actions, and the receipt of government authorizations. This includes differences in, among other things, laws, regulations and guidelines relating to the manufacture, transportation, and storage of cannabis, and the conduct of operations, which vary among the U.S. federal government, various states, and foreign jurisdictions. There can no assurance that such estimates and/or forecasts will be realized, and these are not indicative of future investment performance. Historical data is not indicative of future performance.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from 888.885.0588. Please read the prospectus carefully before you invest.
Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Investments made in small, mid-capitalization and micro-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments will be concentrated in an industry or group of industries, and the value of Fund shares may rise and fall more than more diversified funds. Purchasing and writing put and call options entails greater than ordinary investment risks. Options ownership involves the payment of premiums, which may negatively impact Fund performance. Please see the prospectus for details of these and other risks. Distributed by IMST Distributors, LLC.