Horizons ETFs Management (TSE:HMMJ) Senior VP Discusses Farm Bill’s Impact on TSX-Listed Companies
Horizons ETFs Management Senior Vice President Mark Noble addresses the impact of the Farm Bill’s passage on TSX-listed companies. Noble notes that the company’s fund, Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ) (OTCMKTS:HMLSF), is invested in companies listed in Canada that operate legally. As a result, the fund does not have exposure to companies with US cultivation to stay aligned with the TSX’s rules. Noble addresses Canopy Growth Corp’s (TSE:WEED) (NYSE:CGC) (FRA:11L1) recent New York State hemp license and notes that as the license is legal because of the Farm Bill, it is compliant with TSX rules. Noble discusses the potential size of the global medical cannabis market and estimates it at $55 to $70 billion annually.
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