US-based Actively Managed Marijuana Fund Launches

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Investors gain another entry to marijuana investing thanks to the launch of a new actively managed fund. Foothill Capital Management announced the launch of its a new open-end mutual fund , the “Cannabis Growth Fund” ( CANNX ), on Tuesday (February 26). Eric Banhazl, chairman of Foothill Capital Management, said the firm sees cannabis as still in its infancy stage, but that its potential growth makes it worthwhile to open this fund.

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