Rize on medical cannabis ETF: 'At Legal & General it would have taken us six decades, not six months, to launch this product'

A medical cannabis ETF would have been "impossible" to launch five years ago and, to this day, remains "one of those edgier subjects", according to co-founder of Rize ETF Rahul Bhushan. To get it past the depositories, the administrators, the legal and regulatory issues, let alone getting it signed off by the investment committee… At Legal & General would have taken us six decades, not six months, to launch that product," he said. The team hoped the Rize Medical Cannabis and Life Sciences UCITS ETF would "really put us on the map" with a "new, innovative and exciting" product that sho...