
If you haven't seen it already, many marijuana investors are buzzing about the first medical marijuana ETF which is set to begin trading on April 5th. Now that investors have digested the initial announcement, readers are wondering what companies they can expect to see in this ETF's portfolio.
The Horizons Medical Marijuana Life Sciences ETF is based on the North American Medical Marijuana Index from Solactive, and therefore we must look at the underlying constituents of the index to determine the underlying holdings of this much anticipated ETF.
Index Components
Marijuana stocks trade on a handful of exchanges throughout North America. In the United States, there are a handful of marijuana stocks that trade on the NYSE as well as cannabinoid biotech companies trading on the Nasdaq. Up in Canada, marijuana-related stocks trade on the Canadian Securities Exchange ("The CSE") as well as the Toronto Stock Exchange ("TSX") and TSX Ventures Exchange ("TSXV").
The cannabis companies that make up the North American Medical Marijuana Index are as follows:
CanniMed Therapeutics Inc.
Emblem Corp.
International Cannabis Corp.
Index Weightings
Anyone looking to replicate or alter the basket of marijuana stocks needs to pay attention to the weightings of the component companies. Shown below, is a table outlining the North American Medical Marijuana Index's component company weightings by percentage.

As we dig through the new medical marijuana ETF's prospectus further, we'll be sure to update readers with any interesting and noteworthy findings! In the meantime, be sure to subscribe to our free newsletter so you never miss an important marijuana investment update.
Now read: The Basics of ETF Creation & Redemption