Forbes report

First Trust Portfolios filed an S-6 on May 30th with the Securities and Exchange Commission for a Medical Cannabis Portfolio Series – FT 6766 that is seeking above-average capital appreciation.  The prospectus for the Unit Investment Trust has only been filed and not yet approved by the SEC.

According to the filing, the stocks included in the trust will be selected from the Indxx Cannabis Index, which has yet to be created. The index is described a “basket of publicly listed companies with significant business activities in the marijuana industry.” The filing also states that the team of analysts will “thoroughly evaluate each company for inclusion in the portfolio based on each company’s association with the medical aspects of cannabis as well as their analysis of other screens for liquidity constraints. The portfolio provides exposure to a diversified group of companies within the medical marijuana industry, thereby reducing single security risk.”

Full report at https://www.forbes.com/sites/debraborchardt/2017/05/31/billion-dollar-fund-manager-targets-cannabis/#26a7ba9726a7

Abstract: SEC Filing

SUBJECT TO COMPLETION, DATED MAY 30, 2017 Medical Cannabis Portfolio Series FT 6766 FT 6766 is a series of a unit investment trust, the FT Series. FT 6766 consists of a single portfolio known as Medical Cannabis Portfolio Series (the “Trust”). The Trust invests in a portfolio of common stocks (“Securities”) of companies with significant business activity in the medical cannabis industry. The Trust seeks above-average capital appreciation. THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) HAS NOT APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.

Read Full SEC Filing at https://www.sec.gov/Archives/edgar/data/1702228/000144554617002498/s-6.txt