Global pursuits of many Canadian producers is falling by the wayside as companies continue to focus on downsizing and becoming profitable. Thus, this sector may seem like a terrible investment today.
Once bubble-like investments compared to some technology companies today, certain marijuana producers actually look cheap on certain metrics. Investors who may have missed the last ride pre-legalization may get another crack at another booming sector if the stars align again.
Assuming government stores begin to open on a large scale and prices come down from consumers driving demand to legal channels from the black market, an ETF like the Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ) could turn out to be a winning investment over the long haul.