With the U.S. economy reeling as a result of the COVID-19 pandemic, tax revenue is likely to have fallen precipitously for FY2020. Combine that with changing social attitudes towards cannabis and the upcoming U.S. election and you may just have the "perfect storm" for legalization on the federal level. Global X CEO Luis Berruga joins The Cannabis Investing Podcast to explain how his firm's ETF (POTX) provides investors the opportunity to capitalize on the potential for federal legalization. And even if federal legalization doesn't become a reality in 2021, Berruga still sees plenty of upside for publicly-traded cannabis stocks with increasing numbers of state likely to legalize. 
Show Notes

2:30 - A most elegant piece of financial engineering: What drew Luis to the ETF space?

6:00 - A Perfect Storm: Will COVID-19 economic pain finally provide the impetus for federally legal cannabis in the U.S.?

10:00 - The upcoming U.S. election: What different potential outcomes are likely to say about the prospects for legalization

12:30 - Growth potential without U.S. federal legalization?

15:15 - A consumer staple: Will cannabis' strongest growth lever be on the recreational or medical side of the business?

19:30 - Are today's cannabis industry leaders still likely to be leaders in a decade's time?

24:00 - Under the hood: POTX holdings and indexing methodology


Learn more about your ad choices. Visit megaphone.fm/adchoices