Matt Badiali is a nationally recognized expert in commodities investing. With a master’s degree in geology acquired at Florida Atlantic University, he was happily working as a geologist in the gas and oil industry. He crossed over into the financial industry, though, and started to write a newsletter that is designed to help average Americans make money in this tricky industry.
He has now been all over the world. He travels internationally such as to Switzerland, Singapore, Haiti, and beyond. He learns things by being hands-on. If Matt Badiali wants to know if an oil field is going to pay off he flies to it and sees for himself what the situation is. He became just as passionate about investing as he always been about geology. More about Matt Badiali at streetwisereports.com
Like many people, Matt Badiali sees the marijuana industry as poised for massive growth. It’s legal to use marijuana across Canada and most of the United States. Some states have only gone so far as to legalize medical marijuana while in other states recreational use is perfectly fine now.
Not all companies in the marijuana industry are made equal, however. Some companies have done very well while other ones went bankrupt. Another issue for American investors is that they can’t invest in the Canadian marijuana industry directly. The reason for this is that marijuana is still illegal according to federal law. Until this changes, investors in the United States need to take a different tact.
Some Canadian marijuana companies have found ways to stand out for the crowd. One, for example, got the endorsement of a popular California band. Their stock soared and word about this company spread across North America. If and when the U.S. federal government legalizes the use of marijuana, the industry will really take off.
So, what should American investors do if they can’t directly invest in Canadian marijuana firms? Matt Badiali recommends a couple of ETFs that are legal to invest in. One of these is AdvisorShares Vice ETF which has 7.5% of its investments in Green Organic Dutchman Holdings. Another great ETF is the ETFMG Alternative Harvest which has $380 million in assets under management.