I bought an ETF called TOKE. I just thought it was funny. With the US talking about legalizing weed it may actually go up, but I'm not going to put much money into that, will probably keep it mostly in VUN.
I admire your discipline. My personal opinion is that legalizing weed nationally is going to be a high bar - and I'm someone who thinks that the Ds, at least figuratively, will crush the Rs in November. According to google, weed is legal in about half the states but if you look at who's in that group, its mainly northern, lib states. Alaska, Arkansas, Nevada, Florida and Missouri are the only ones I would consider exceptions to that rule. I think that eventually it's going to be legal everywhere but with each state putting their individual spin on the issue.
Most states like NJ I think start with medical cannabis and then when that seems safe, they legalize. But even here in NJ, the shops still discriminate with rec. weed limited to 30% THCA. Of course there's no limit on vapes and those are normally well over 80%. So it's a little silly but it's hard for me to see across the board legalization.
Hopefully, as with the feds, the other states will reschedule it from class I to III and thereby significantly reduce potential penalties, but that means you're still buying from your friendly neighborhood drug dealer/
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