An ETF for the Next Wave of Cannabis Gains

Legalization there, with 130 million citizens, would make it the largest legal recreational market in the world.

But more importantly, key industry — and, therefore, lobbying — groups are now giving their blessing, and even advising how it should be rolled out.

The alcohol industry, for example, has now taken its stake in cannabis.

It’s the only actively managed U.S.-listed ETF dedicated exclusively to U.S.

The bullishness in the cannabis sector of late is due to the burgeoning legal marijuana movement in the U.S., where multiple states have recently assed legislation to permit recreational marijuana, including New York, New Mexico, and Virginia.

The agency — which began asking crypto users to disclose transactions on their 2019 individual tax returns — asks taxpayers whether they “received, sold, sent, exchanged or otherwise acquired any financial interest in any digital currency.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Business Secretary Kwasi Kwarteng told a parliamentary committee last week that it would be “very irresponsible” to give taxpayers’ money to the group, describing it as “very, very opaque” and having “liabilities that nobody seems to have got to the bottom of.”GFG has borrowed about $5 billion from Greensill, and is desperately seeking fresh financing, which Sanjeev Gupta is coordinating from Dubai.Some progress has been made.

President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

stimulus package last month that included discounts on power bills, tax breaks and cash aid to the poor.Malaysia’s gross domestic product may expand 6% to 7.5% in 2021, its central bank said last month.

“For professional investors who still have concerns about things like security and tax filing, they will opt to buy our funds rather than holding coins themselves.”The new Hong Kong license and funds highlight 38-year-old Huobi founder Leon Li’s endeavor to ensure his crypto empire, whose main exchange unit has drawn scrutiny over the years from Beijing, complies with regulations as it expands into adjacent arenas.The move also come as mainstream financial companies embrace crypto after Bitcoin’s value took off in October.

The dispute dated to 2017 when Huawei sought approval from the EU Intellectual Property Office , a trademark body, to register its computer hardware trademark which has two vertical interlocking semi-circles.

SHANGHAI -A key gauge of Asian shares rose on Friday, supported by gains in China and a decision by the European Central Bank to maintain stimulus, while investors largely shrugged off the impact of a possible U.S.

Wall Street is skeptical President Joe Biden’s expected proposal to hike capital gains taxes could pass the Senate, but investors see risks that tax-motivated selling could still weigh on technology and other sectors that skyrocketed during the pandemic.

The country’s health system has been pushed to breaking point, with hospitals reporting shortages of everything from intensive care beds to medical oxygen.Bodies piling up at crematoriums and burial grounds across the nation are sparking concerns that the death toll from a ferocious new Covid-19 wave may be much higher than official records.Aberdeen Standard Investments says that while the surge in infections could trigger stricter lockdowns if the situation worsens, which will have a knock-on impact on the re-opening of the economy and recovery prospects.“We have been nimble in terms of taking some profit off the table or topping up our positions where we see opportunity to do so,” said Kristy Fong, senior investment director for Asian equities at Aberdeen Standard.She also added however that in the longer term, several trends favor India: the presence of many of Asia’s most successful companies that have been tried and tested by prior crises and a growing middle class that is increasingly affluent.For many funds, their optimism is also stemming from expectations of a strong recovery in corporate earnings.

…Read the full story