With the S&P index up 18% itself on the year, a fund returning 21% seems within the average returns expected. But what of HMMJ? This ETF is ideal for the new and experienced investor alike and because it is professionally managed and rebalanced, there is an inherent risk management incorporated into it as well as the fact that it is diversified. In unit price alone, HMMJ is up over 85% since it commenced trading in April and up over 128% from its low. In addition, HMMJ has regular distributions. That 21% seems less impressive particularly when combined with terms such as “maverick” and “Renegade fund” because the real money to be made in 2017 was in the legal hemp and marijuana industry and one could have made over 85% with the set it and forget approach such as investing in units of HMMJ.
One thing we know … this pictograph is getting fuller with each passing week! As we start 2018, already we are seeing the usual dire predictions. Merrill Lynch, for example, has had a bullish outlook for the legal cannabis industry since December 2015. Edward Jones, just days ago, came out with a skeptical outlook and for the recreational market particularly. What we can say with certainly is that Merrill Lynch, much like CannaInvestor Magazine, was right. Looking at the recent Edward Jones summary, their critique seems to focus in on the small size of the Canadian (medical and recreational) market, perceived lack of regulatory approval and controls, and that the recreational market specifically has “low barriers to entry”. Let’s quickly look at these three points on their own.
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other substances made from Industrial Hemp as well as opening the door for consumable cannabis products as early as 2019. All of which is a game changer and now throw in the interest on cannabis infused beverages because of the Constellation Brans investment in Canopy Growth. Tinley’s Q4 presentation clearly states under “development” is their intention to launch in Canada, Nevada, and other hospitable jurisdictions. Tinley Beverages recently made the IA top 40 beverage list joining such companies as Constellation Brands, Miller Coors, and The Boston Beer Company.