Home News Cannabis ETFs have been smoking hot as of late

Cannabis ETFs have been smoking hot as of late

Since Jan 31st:

  • The AdvisorShares Pure US Cannabis ETF (MSOS) is up over 22%
  • The ETFMG Alternative Harvest ETF (MJ) is up nearly 14%
  • AdvisorShares’ Pure Cannabis ETF (YOLO) is up about 16.5%
ETF Newz Says: These companies are still over-taxed and don’t get the same equity in terms of banking as traditional businesses. There has been some movement in Washington lately with the re-introduction and passing of the Secure and Fair Enforcement Banking Act in the House of Representatives last week and discussion around other cannabis-related bills.