One of the areas of change is cannabis or marijuana which is becoming more legal than illegal. For many years just having a few grams of cannabis was enough to send you to jail, but now more states are legalizing it. The investment banks see money to be made and as cannabis becomes legal across the country according to Cowen & Co should grow from $6 billion to $75 billion by 2030. In an article by Jennifer Kaplan of Bloomberg News, she interviewed Wall Street fund managers getting into the industry. Where there is money to be made, people move to it, but until it is legal or more legal than not, no one wants to publicize their involvement. Danny Mosses of Merida Capital Partners now has 10 to 20% of his portfolio in the industry. The seemingly legal part of the exercise is slowing down the institutional money because all funds need to show their holdings and the big funds worry about “widows and orphans” reactions.

Linking to dividend paying stocks, at the moment there are none in the cannabis area because the companies are still waiting for the legalization to move forwards but there are ETFs which cover the industry. If the investment banks and consultants are correct on the growth of the size of the market you may want to invest in an ETF for growth.

There are more questions than answers, till the next time – to raising questions.