Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
The big prize for legalisation could be in the US however, after the election of US president Joe Biden raised hopes of an end to federal cannabis prohibition.
However, the Amplify Seymour Cannabis ETF’s price fell to $22.81 on 13 May.
“Amid the evolving public perception of cannabis — from largely recreational to medicinal, to both — is the creation of new markets spurred by increased demand globally.
Aside from legislation hopes he believes cannabis ETFs have been lifted by the COVID-19 economy of “monetary and fiscal tailwinds”.
Green Thumb, however, believes there is only one way the smoke is blowing.
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You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.