XP Launches Marijuana Fund with Minimum Application of R$500

The product is an alternative to diversify a portfolio and have exposure to the sector, but volatility and risk are high. Funding for cannabis companies has slowed down dramatically from some super-giant rounds in 2018.

RIO DE JANEIRO, BRAZIL - Aiming to be part of a market that should move over US$160 billion per year until 2025, XP has launched a Brazilian stock fund focused on the international cannabis market.

Upon the legalization of the plant in several countries, whether for medicinal or recreational use, the search for investors for substances in this market has increased considerably in recent years.

Trend Cannabis FIM invests in shares of companies in countries such as the United States, Canada and England whose main raw material for their business is cannabis - popularly known as marijuana.

It is a passive . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?