November 27, 2017
By Dustyn Lanz
Investors have clearly shown interest in cannabis. The Canadian marijuana index, which tracks stocks operating in the legal cannabis industry, has risen by 276% since June 2016 to reach a market capitalization of more than $11 billion. Several pot-themed financial products have been launched to meet growing investor demand. This market activity has taken place despite the fact legalization will not take effect until July 2018 at the earliest.
But is this emerging industry suitable for responsible investors who incorporate environmental, social and governance (ESG) issues into their investment decisions? The answer to that question is complex as it involves a dash of ethical deliberation and a lot of in-depth analysis.