Tag Archives: HEMP

HMMJ, Horizons Marijuana Life Sciences Index ETF (ETF)

I do not give “Buy or Sell” recommendations on any ETF or single stocks. I can only relay my feelings if I’m bullish or bearish at any given time. I have several Marijuana related stock positions myself, but which ones that will move into a bull market, takes many years of due diligence. Or you trust someone that has done his due diligence already.  I have some people I meet that want to jump on the Hemp bandwagon, but yet when you ask them if they have a Canadian trading account set up, they say, “No”.  These kinds of investors are jumping in with an emotional decision and are many years behind or late.

These types of investors that are getting in because they hear about the Hemp bull market in Canada from friends and news networks, are far too slow or late.

The HMMJ,  Horizons Marijuana Life Sciences Index ETF (ETF) is a prime example of a well advanced bullish phase. HMMJ can keep right on going, but chances are good when you jump in, a correction ensues and this ETF could drop 30-40% in no time at all.

Sure Canada has a great new bull market, but all this hype could end once the legal supply and demand numbers get filled. Unless the numbers tell me different, Canada’s hemp users are not growing by leaps and bounds, but the numbers could eventually run into a brick wall with no new users trying the product.

Any grower has to follow strict Canada Health Board regulations, so there are major hoops that any legal grower has to abide by.

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