Toronto-based investment fund manager Redwood Asset Management has launched the world's first actively managed marijuana-focused exchange-traded fund. Redwood president and CEO, Greg Taylor, forecasts strong growth for the marijuana market, given the expected legalisation of the drug for recreational purposes in Canada. It is hoped the Marijuana Opportunities Fund will create long-term growth by investing in global issuers with an interest in marijuana-related industries.
Toronto-based investment fund manager Redwood Asset Management has launched the world's first actively managed marijuana-focused exchange-traded fund. Redwood president and CEO, Peter Shippen, forecasts strong growth for the marijuana market, given the expected legalisation of the drug for recreational purposes in Canada. It is hoped the Marijuana Opportunities Fund will create long-term growth by investing in global issuers with an interest in marijuana-related industries.