Should cannabis investors be buying stocks in the tobacco sector? Is now a good time to invest in pot stocks? How long should investors hold their pot stocks? These are just a few of the questions we ask Meb Faber, CEO and CIO of Cambria Investment Management.
The Motley Fool sat down with Faber to talk about Cambria Cannabis ETF (NYSEMKT:TOKE). The quant firm’s low-cost cannabis fund seeks exposure to the broader marijuana industry with top holdings including Altria (NYSE:MO), Philip Morris (NYSE:PM), and British American Tobacco (NYSE:BTI).
Corinne Cardina: Hello there, Meb. How are you?
Meb Faber: What’s up?
Cardina: Welcome to Fool Live. We’re live.
Faber: Great to be here. Good morning.
Cardina: Good morning. So great to meet you. I was just telling our guests, we are so excited to welcome you, CEO and CIO of Cambria Investment Management. You all have an ETF called Cambria Cannabis ETF (NYSEMKT:TOKE), and the ticker is TOKE, so that’s pretty fun. I’m going to put that in the chat, so that our attendees can get that ticker, if they’re interested. We’re going to spend the next 15 minutes talking about this ETF and zooming out a…
