Canadian Pot ETF Retakes Billion-Dollar Mark on Stock Surge
- Assets in Horizons ETF hit C$1b for first time since Oct. 18
- ETFMG exchange-traded fund passed $1 billion mark this week
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The New Year’s rally in pot stocks has sent assets in the first marijuana exchange-traded fund back above C$1 billion for the first time since Oct. 18, the day after Canada legalized recreational pot.
The Horizons Marijuana Life Sciences Index ETF reclaimed the C$1 billion ($761 million) mark on Monday. Assets in the fund had dipped as low as C$624 million on Dec. 21.