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Cannabis




As more states and countries legalise cannabis – fuelled by greater acceptance from the public – there’s reason to believe that the cannabis industry's prospects for continued growth look good. In fact, research suggests that the US legal cannabis industry could be worth as much as $75 billion by 2030.2 With forecasts like these, it’s no wonder that savvy traders have been flocking to the market, eager to capitalise on the latest cannabis industry. The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal and other uses. Some of the biggest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth, which remains strong despite the pandemic-spurred economic downturn. Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have dramatically underperformed the broader market. MJ has provided a total return of -17.4% over the past 12 months, well below the Russell 1000's total return of 19.0%, as of November 23, 2020.1 All statistics in the tables below are as of November 24.

120+ years

managing assets designed for income1
Top 5

real estate manager globally2
5 decades

of responsible investing
#1 manager

of farmland worldwide3

Additional investment insights and stories

Contact us
Our offices
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London
Kempton, Devisdale Road, Altrincham, Cheshire, United Kingdom, WA14 2AT

Fusion Investors provides investment advisory solutions through its investment specialists. 

Fusion Investors, LLC is a wholly owned subsidiary of Teachers Insurance and Annuity Association of America. Fusion Investors Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Winslow Capital Management, LLC, AGR Partners LLC, Churchill Asset Management LLC, Greenwood Resources Capital Management, LLC, Gresham Investment Management LLC, Fusion Investors Fund Advisors, LLC, Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC, and Fusion Investors Alternatives Advisors LLC are SEC registered investment advisers (“RIAs”). The investment advisory services, strategies and expertise of TIAA Investments, a division of Fusion Investors, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. Fusion Investors Real Estate Management Limited is authorized and regulated by the UK Financial Conduct Authority. In addition, Fusion Investors Asset Management, LLC is a member of the National Futures Association and a Commodity Futures Trading Commission (“CFTC”) registered Commodity Trading Advisor; Gresham Investment Management LLC is a member of the National Futures Association and the Futures Industry Association and is a CFTC registered Commodity Pool Operator and Commodity Trading Adviser; and Fusion Investors Fund Advisors, LLC is a member of the National Futures Association and a CFTC registered Commodity Pool Operator. Westchester is a global agricultural asset manager; the RIA for the agriculture investment vehicles is Fusion Investors Alternatives Advisors LLC. Fusion Investors Securities, LLC is an SEC registered broker-dealer, a Financial Industry Regulatory Authority member and is registered with the Municipal Securities Rulemaking Board.
 
For more information regarding any of our registered investment advisers, please see the adviser’s Form ADV.


*As of 31 Mar 2020. Fusion Investors assets under management (AUM) is inclusive of underlying investment specialists. Totals may not equal 100% due to rounding.


Fusion Investors traces its history back to 1898 and TIAA was founded in 1918.
2 ANREV/INREV/NCREIF Fund Manager Survey 2020. Survey illustrated rankings of 140 fund managers globally by AUM as at 31 Dec 2019.
3 Pensions & Investments, 05 Oct 2020. Rankings based on U.S. institutional tax exempt assets under management as of 30 Jun 2020 reported by each responding asset manager.

All investments involve some degree of risk, including loss of principal.  Investment objectives may not be met.