The New York Stock Exchange is getting its first weed fund

The rapid rise in medical and retail pot sales in the U.S. has investors drooling, and soon they’ll be able to buy into a new basket of select weed stocks.

A subsidiary of the New York Stock Exchange launches trading on Dec. 26 for its first-ever marijuana fund, a major step for an industry that’s struggled to access mainstream U.S. financial instruments, even as Canadian markets have kicked off marijuana investment.

The Alternative Agroscience exchange-traded fund (ETF) is comprised of U.S. companies operating in states where marijuana is legal in various forms. They include cultivators, weed-related biopharmaceutical firms, as well as pesticide and fertilizer manufacturers whose products are used for growing.

Source: Vice

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