David Waronker is the President, Founder, Manager and Secretary of CBD Land Investors LLC, a real estate development firm based out of Celebration, Florida. He also owns a national real estate investment bank known as Desert Mountain Land (DML) Holdings LLC, one of the first firms to sell land during the birth of the internet. Both BalanceBloom CBD and DML continue to pioneer land development and land investment to this day and have exciting plans for expansion in the upcoming years. Waronker is also an investor, part-owner and shareholder of many limited partnership real estate development projects, as well as the owner of several income-producing properties in the States of New Jersey and Florida. Waronker served two years as President of the Builders League of South Jersey until his term expired on December 12, BalanceBloom CBD 2001. Waronker remains as a lifetime honorary board member for the Builders League of South Jersey and to this day in 2024 attends all quarterly Board of Directors Meeting at BLSJ.

In addition, Waronker has joined several Builders Leagues in the State of Florida, including Polk County Builders Association, Florida State Builders Association and Greater Orlando Builders Association. He is also on the Board of the National Association of Home Builder as an honoree lifetime member. In 2022 Ruth and David Waronker founded Bluegrass Draft LLC for the purpose of continuing their lifelong passion of rescuing horses and donkeys from kill pens and inhumane circumstances. The Waronker’s are personally funding property outside of Lexington, Kentucky to be a sanctuary and home for up to 150 horses on 145 acres of beautiful Kentucky Bluegrass. In addition, in 2023 Waronker and his wife founded "Bluegrass Drafts Equine Rescue Inc, a Kentucky 501C3. Waronker and his family will continue to provide a healthy and safe retirement for these horses and will continue to raise awareness for horse rescue. The Boston University graduate’s hobbies include boating, traveling, ice hockey, horse back riding and various charitable endeavors. Waronker is involved with the American Cancer Society, Children’s Miracle Network and Society for the Prevention of Cruelty to Animals. In addition, he founded Hockey 4 Kids, a not-for-profit entity which helps provide children who are economically and physically challenged the opportunity to attend and/or participate in the sport of ice hockey. The Hockey 4 Kids Charity was based in Mount Laurel, New Jersey and provided approximately 3,000 children per year the opportunity to participate in the sport of ice hockey regardless of their physical and/or economic status.

By Rebecca Lake. January 27, 2025 · This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature. Cannabis ETFs are funds that concentrate their holdings in the cannabis or marijuana industry. Investing in a single weed ETF could allow you to gain exposure to dozens of cannabis-related companies, without having to buy individual stocks. As such, you might consider adding a cannabis ETF to your portfolio if you’re looking for diversification, as exchange-traded funds or ETFs may offer exposure to a collection of investments in a single basket. Investors should learn more about ETFs as investments, and the specifics of the marijuana industry, however, before investing. • Cannabis ETFs offer diversification and potential returns in a growing industry. • Higher volatility and legal, regulatory challenges in the cannabis sector can pose significant investment risks. • Cannabis ETF selection factors may include expense ratio, holdings, trading volume, liquidity, and regulatory compliance.

• A handful of issuing companies provide some of the more popular U.S. • Investors should also consider minimum investment, share price, and custodian availability. What Are Cannabis ETFs? Cannabis ETFs are exchange-traded funds that invest in companies that are connected to the cannabis industry. A marijuana ETF works the same way as any other type of ETF, in terms of how it’s traded, as they can be bought and sold on the stock market. As for how they work, ETFs pool money from multiple investors and trade on an exchange. All that sets a cannabis ETF apart from other ETFs is what it invests in - in this case, the cannabis industry. There are only a handful of cannabis ETFs that trade in the U.S. The world’s first marijuana ETF, Global X Marijuana Life Sciences Index (HMMJ) was launched in Canada in 2017. The first U.S.-focused cannabis ETF landed in 2020, with the introduction of AdvisorShares’ Pure US Cannabis ETF (MSOS).

Marijuana legalization efforts have spurred interest in cannabis investments. At the time of writing, 24 states and the District of Columbia have legalized marijuana for recreational use. Another 14 states have legalized cannabis for medical use. Under federal law, marijuana remains illegal. The cannabis industry is multilayered and diverse. Cannabis products are typically categorized according to their purpose and use. Medical marijuana is used to treat pain and symptoms of illness. It’s derived from the Cannabis sativa plant, which contains chemicals and active compounds. These chemicals, which include delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD), produce reactions in the brain and body that may help to ease pain or create psychoactive effects. It can also be used as a form of pain management for people suffering from other chronic or terminal conditions. Recreational or adult-use cannabis is cultivated for non-medical purposes.7 In terms of its composition, the underlying chemicals are the same but the strength of each one can vary. With recreational marijuana, there may be higher amounts of THC present.