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Opinions John DeGoey
Horizon's Medical MarijuanaHMMJ.TOTOP PICKJun 08, 2017
John DeGoeyStock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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This asset class has been down for 5 years during a long period of investor apathy. But when an asset class has been down for longer than 3 years, you start to consider it. HMMJ has US exposure where there is growing public support for legalizing canopy. Maybe start with a small position. This is a volatile sector.
HMMJ vs. HMUS. A monstrous opportunity, but you're going to suffer volatility. Go slow, get in over time, and keep it to a smaller proportion of your portfolio. Market weighted. The US exposure is to companies operating legally, and there can't be any recreational use. With HMUS, you're tapping into a bigger market. For example, Charlotte's Web is planning to sell CBD infused products through Kroeger. This scale dwarfs the whole Canadian market. Valuations are high because of the growth potential. If you're a marijuana investing aficionado, you'd want to own both.
This dropped a great deal, and may have hit bottom. The long-term for the industry is still very positive. This only has 15-17 names in it, and 3 of them make up 10% each. A diversified way to get exposure to an asset class, which everyone is talking about. Rather than betting the farm on one company or another, buy the ETF rather than trying to decide which company is going to be the winner or loser.