If you are an investor who does not have the time to research the landscape of marijuana stocks and companies, or if you are an investor who would like a less risky approach to this ever changing and unpredictable industry, there is an alternative investing solution: the marijuana mutual fund.
Mentor Capitol (otc markets: MNTR) is a marijuana mutual fund that works very much like a group IPO. According to the cannabis funds’ website, “Mentor is authorized (almost like a group IPO) to raise $140 million from the public market and is committing those funds to the cannabis companies that join in the cooperative portfolio, trading a slice (10% to 60%) of their business in exchange for public market funding.”
The Mentor Capitol marijuana mutual fund potfolio, includes some of the more well known cannabis companies and stocks including GW Pharmaceuticlas (GWPH), Medical Marijuana Inc (MJNA); along with lesser known companies such as Nevada Cannabis Ventures.
As of February 11, 2014, MNTR was trading at $2.15, on trading volume of almost 150,000. Just less than a month ago, this cannabis mutual fund was trading at only $.22.
The writer does not hold any shares of the above mentioned marijuana mutual fund or cannabis stocks.