Derivatives exchange FTX has added a series of weed stocks to its tokenized stock offerings, CEO Sam Bankman-Fried revealed on Dec. 16.

• The five weed stocks that have been added are Tilray, Canopy Growth, Aurora, Cronos and Aphria; the stocks will be available on both spot and futures markets
• Bankman-Fried joined the excitement with a pun-filled statement, saying that “To be blunt, this is one of the dopest joint listings we've done. FTX: blazing a path forward and weeding out the competition”
• Weed stocks have benefitted from a year where the pandemic has enforced staying at home, in addition to more US states legalizing recreational use
• In addition to cryptocurrency investment vehicles, FTX also offers the increasingly popular choice of fractionally owning stocks; in Oct. 2020, it added Tesla to its selection of stocks
• Fractional stocks allow investors to enter the equity market without having to use large capital to own a stock