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%
Cannabis ETFs have been smoking hot as of late
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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.