Cannabis is Going to Take a Big Bite Out of Alcohol Sales, Says Horizons ETF CEO

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“Investor interest in cannabis is unprecedented,” says Steven Hawkins, President & CEO of Horizons ETF


In this interview with SmallCapPower at the MoneyShow Toronto, Steven Hawkins, President and CEO of Horizons ETF, talks about their big-ticket cannabis ETF – the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ), which recently hit C$1 billion in AUM. Mr. Hawkins says HMMJ is designed for investors who want to “play the game of buying and shorting the marijuana marketplace,” but warns that the highly-volatile inverse and inverse-leveraged ETFs are not for the faint at heart. The Horizons ETF top boss also expects annual cannabis sales to be upwards of $20 billion.

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