Replies to post #496 on ETFMG Alternative Harvest ETF (MJ)

[Snotbubbles]

PA just started (within the last 2 weeks) selling medical marijuana. But the news of different States moving forward with marijuana laws seems to have little to no impact on the ETF. I spoke with our 401(k) analyst last month and they are not allowed to invest in marijuana (or crypto) entities right now. The dam holding marijuana back in the US is that it is a Schedule 1 drug (no legitimate use). Once Congress moves it to Schedule 3 (similar to steriods) and allows it to be prescribed and studied, the marijuana stocks will skyrocket. MJ is a long play that I'm holding until at least it gets lowered to Schedule 3. If you believe that marijuana will eventually be legalized in the US, then this ETF is one that you should be cost-averaging. Every time it dips below $30, pick up $500 worth of shares.