Today we are launching our 18th equity theme basket, and this will be the final one before the holiday season kicks in. Later this year we will roll out new theme baskets that will focus on green metals (used in the green transformation), payments, robotics and automation, medical technology as much more.
Next growth period to be driven by medical use and federal legalization
As the table below shows, the cannabis theme basket is the second-best performing theme basket this year after our crypto and blockchain basket up 45%. The drivers behind the performance are continued legalization in more US states, a Democratic majority owned US Congress which increased the probability of federal legalization of cannabis, and finally continuous high revenue growth numbers from several key industry players. One of the recent legislations moves have come from US House Judiciary Chair Jerry Nadler reintroducing the social justice focused cannabis legalization bill, also known as the MORE Act.