Remember the end of last year when a subsidiary of the New York Stock Exchange (NYSE) launched trading on Dec. 26 for its first-ever marijuana fund? The Alternative Agroscience ETF, marking a major milestone for the burgeoning industry still struggling to obtain access to federally chartered U.S. financial institutions.
As medical and recreational marijuana sales skyrocket in the U.S., the growth is still only in its beginning phases. Twenty-nine states and Washington D.C. have legalized medical marijuana, while eight states and D.C. have legalized recreational sales.
Read more: NYSE Gets Its First Weed Fund | Investopedia