Chart of the week: cannabis is getting too high

The first ETF to track marijuana producers passed C$1bn in September, doubling its value in a year – but the sector is getting ahead of itself.

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"Every investment mania sprouts from a bud of genuine logic," says John Foley on Breakingviews. Pot is becoming more socially acceptable US drinks giant Constellation Brands (NYSE: STZ) is to invest $4bn in a marijuana company in Canada, where recreational cannabis will be legalised next month.

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