When it comes to ETFs tracking marijuana-related stocks, Canada, not the U.S., is the leading market. Several marijuana ETFs listed north of the border have gained traction among investors and at least one issuer is looking to build on that success with some leveraged marijuana ETFs.

Horizons ETF Management Canada Inc. has filed plans with Canadian regulators to possibly introduce double-leveraged marijuana ETFs.

“Horizons ETF Management Canada Inc. filed preliminary documents with regulators last week to launch three new ETFs on the Toronto Stock Exchange that will focus on leveraging the cannabis sector,” reports The Globe and Mail.

The ETFMG Alternative Harvest ETF (NYSEArca: MJ) is the only marijuana exchange traded fund listed in the U.S. MJ’s underlying index may cover businesses that are legally engaged in activities related to cannabis, the benchmark does not include those that directly cultivate, produce or distribute marijuana or products derived from marijuana, unless such activities become legal under U.S. federal and state laws.

Leveraged Products in Canada

Canada is a smaller ETF market than the U.S. and as such there are not as many leveraged products there as there are in the United States.

Showing Page 1 of 2