The medical marijuana market exploded in 2017 with record growth in the legal cannabis industry. There was a massive 16 billion of economic output last year. And it’s because of this growth that many investors are getting excited by the potential opportunities.
What is a CopyPortfolio
A CopyPortfolio groups together a number of stocks into one investment. A bit like a fund, the CopyPortfolio is automatically rebalanced each month and the ratios have been put together by experts. eToro offers a huge range of different CopyPortfolios. These include a Crypto CopyPortfolio made up of popular cryptocurrencies, and a CRISPR CopyPortfolio made up of companies involved in this exciting technology.
The upward trend in the Cannabis industry is expected to continue. Legalisation of medical marijuana will continue around the world. The market is expected to hit $57 billion in 2027 according to analyst predictions from Arcview Market Research and BDS Analytics.
And public opinion towards Medical Marijuana is changing as well. More and more people are considering it as a viable treatment for pain and other medical conditions.
This is one of those industries that is just starting out. And there is an opportunity to get in while its still taking off.
The CannabisCare CopyPortfolio
eToro’s newest CopyPortfolio is called CannabisCare. This product groups together a number of North American stocks that are in the Cannabis industry. If you’ve looking for a way to get exposure to this market, then this is a great opportunity. You don’t have to worry about picking stocks on your own. It gives you exposure to the entire market.
eToro is opening this CopyPortfolio to just 1000 investors. Once the CopyPortfolio has reached 1000, it will be closed to new investors.
Investing in Cannabis on eToro
Investing in a CopyPortfolio requires a minimum of $5000 in capital. For those that can swing that kind of cash, then the portfolio is a solid option you should consider.
But for those of us who just want to dip our toes in the water still have other options. You can buy all the shares that make up the portfolio on eToro. And on eToro you can buy fractional shares. This means you can buy into Cannabis related shares with as little as $50.
To find out what shares are in the CannabisCares Portfolio you can visit this page.
If you’re not ready to invest any money, and are just curious in following the Cannabis industry, you can grab a free eToro account here. It comes with $100k in virtual money that you can use to practice buying stocks.
The CannabisCare CopyPortfolio will be launching on the 17th of September. I’m not sure how quickly the 1000 spots will fill up, but I imagine it will take a few weeks, so you do have plenty of time to do your research.
What do you think of the Cannabis market? Do you think I should invest in the CannabisCare CopyPortfolio? Let me know in the comments.