Here’s why one investor is way more comfortable with marijuana than bitcoin
- ETF Managers Group’s Alternative Harvest marijuana ETF has grown from about $5 million to $400 million in the past month.
- Founder and CEO Sam Masucci said the group diversified investments to mitigate risk, but thinks the American cannabis industry is here to stay.
Cryptocurrency ETFs proved too risky for ETF Managers Group Founder and CEO Sam Masucci, but he threw caution to the wind with his latest marijuana ETF — and it’s paying off.
“The business is growing, the companies entering it are growing,” Masucci said on CNBC’s “Fast Money.”