It holds 23 securities in its basket with a double-digit concentration on the top four firms.ĪdvisorShares Pure US Cannabis ETF has amassed $586.2 million in its asset base while trading in an average daily volume of $5.4 million shares. It trades in a volume of 28,000 shares a day.ĪdvisorShares Pure US Cannabis ETF (MSOS)ĪdvisorShares Pure US Cannabis ETF is the first actively managed U.S.-listed ETF with dedicated cannabis exposure focusing exclusively on U.S. Alternative Harvest ETF has amassed $114.1 million in its asset base and charges 75 bps in annual fees. It holds 30 stocks in its basket with a heavy concentration of the five firms.ĮTFMG U.S. Alternative Harvest ETF is designed to provide investors exposure to cannabis companies operating in the United States, including multi-state operators (MSOs) directly involved in the cultivation, production, marketing and distribution of cannabis or cannabis-related products. Moving marijuana to Schedule III would provide clearer regulatory guidelines for businesses, potentially leading to more consistent product quality and safety standards across the industry.ĮTFMG U.S. Nearly 40 states in the United States have already legalized marijuana in various capacities. The reclassification could alleviate some of the tax burdens and help shift public perception, further legitimizing the medical cannabis industry and potentially paving the way for broader acceptance and use of marijuana as a therapeutic agent.Īdditionally, a shift in the classification could provide momentum for more states to consider medical or recreational legalization, as it would signal a change in the federal government's stance on the drug's potential risks and benefits. Reclassification: A Booster for MarijuanaĪ federal reclassification could potentially expand the market for marijuana, which is a multibillion-dollar industry in the United States and a cash crop in many newly legalized states.Ī Schedule III classification could ease the banking restrictions, allowing businesses to have more straightforward access to banking services and attract more investors. The solid trading is likely to continue at least in the near term or should legalization pave the way (see: all the Marijuana ETFs here). These ETFs have gained nearly 5% each in the initial trading days of 2024. ![]() It was followed by AdvisorShares Pure US Cannabis ETF MSOS, AdvisorShares Pure Cannabis ETF YOLO, Roundhill Cannabis ETF WEED, and Subversive Cannabis ETF LGLZ. Alternative Harvest ETF MJUS stole the show, gaining 6.3%. cannabis industry if it goes through.Īs a result, many ETFs in the space have been surging. ![]() This development, initiated by a recommendation from the Department of Health and Human Services (HHS), could lead to substantial federal benefits for the U.S. ![]() Marijuana stocks spiked following the report that the US Drug Enforcement Administration (“DEA”) is reviewing the potential reclassification of cannabis from Schedule I to Schedule III.
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