Cannabis fund innovator is planning ETF of U.S. companies only

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By Kristine Owram Bloomberg Thu., March 21, 2019 The creator of the first marijuana exchange-traded fund is looking at expanding its cannabis roster, with plans for U.S., leveraged and inverse offerings. Horizons ETFs Management Canada Inc., provider of the Horizons Marijuana Life Sciences Index ETF, is “actively pursuing” the creation of a fund that will contain only U.S. licensed producers, according to chief executive officer Steve Hawkins.

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