How to Buy Stock in American Cannabis Companies

Thematic investing always involves a key decision – stock pick, hold an ETF, or do both. Sometimes, there aren’t enough quality pure-play companies to build an ETF with, like the space theme. Sometimes there are far too many good companies to choose from, as is the case with the cybersecurity theme. And sometimes you have a lot of bad thrown in with some good, wrapped in a thick coating of regulatory uncertainty. That’s where we’re sitting with the cannabis theme.

The first cannabis ETF is no longer the biggest cannabis ETF. That award goes to the ETFMG Alternative Harvest ETF (MJ), which has now amassed over $1.4 billion in assets under management (AUM). Here’s a look at the top 10 constituents of that ETF as of today.