Small Exchange to Launch First US Cannabis Futures, Reports Global Investor Group
Global Investor Group
"The Small Exchange, the growing Chicago-based market, has announced plans to launch the first US cannabis futures product. The exchange, which launched in June last year and offers a range of small futures contracts on equity indices, foreign exchange, US treasuries, metals and crude oil, said it will launch the Small Cannabis contract on June 21" reports Global Investor Group.
"Starting Monday, June 21st, you can trade producers and distributors of medical and recreational cannabis products using the newest addition to the Small Exchange suite of products: Small Cannabis S420... We felt that the existing futures products were very difficult for the individual public customer to consume because of the different tick sizes and the expiration cycles that were all over the map" said Don Roberts, the Small Exchange President and CEO.
The Small Exchange is making futures markets more accessible to more people with small, standard, and simple products that combine the best of futures and stocks.
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