Cannabis-related ETFs have been on fire recently, and their outperformance has continued to start the month of March. Last week the AdvisorShares Pure US Cannabis ETF (MSOS) announced it had gathered over $1 billion in assets. The fund was up 2.2% Monday morning amid the news. The AdvisorShares ETF is the first of its kind to focus on U.S. cannabis equities. That’s beneficial seeing that the U.S. is the fastest-growing marijuana market in the world. “When it launched on September 2, 2020, the actively managed MSOS became the first U.S.-listed ETF focused solely on American cannabis companies, including multi-state operators (MSOs),” according to AdvisorShares. “MSOs are U.S. companies directly involved in the legal production and distribution of cannabis in states where approved. This ETF with its apt ticker seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities.
Mmp News Author, Medical Marijuana Program Connection, 03/01/2021 19:12:00