What Does the Shutting Down of the AdvisorShares Cannabis ETF Investment Fund Say About the Future of the Marijuana Industry?

What Does the Shutting Down of the AdvisorShares Cannabis ETF Investment Fund Say About the Future of the Marijuana Industry?

Does that mean there is no hope for the future of cannabis investing?  Marijuana businesses today are closing for a varitey of reasons, but an investment fund usually has a 3 to 5 year outlook.  One problem with this fund closing is that it is basically a statement that “the 3 to 5 year look ahead to make a decent return is just not there”, better to put your money in other stocks or assets to make money for the next 5 years. Another problem that is known by industy insiders is that while big “sales” headlines create nice headlines, profits remain elusive for almost 75% of cannabis businesses in America according to Whitney Economics.