Roundhill Investments, an ETF sponsor focused on innovative thematic funds, today launched the Roundhill Cannabis ETF (“WEED ETF”) on the Cboe BZX Exchange. The WEED ETF seeks to provide investors with exposure to the cannabis sector, including U.S. multi-state operators (“MSOs”). According to BDSA, the global cannabis market is expected to grow to $61 billion by 2026, more than double $29 billion in sales for 2021. The majority of this growth is expected to come from the U.S. and Canadian markets, as consumer access improves amongst legalized states. Positive regulatory momentum continues abroad as well, including in Mexico, and European markets such as the U.K. and Germany. While publicly-listed cannabis companies have recently underperformed, we believe that the cannabis market may be entering an inflection point in terms of both profitability and regulatory momentum. Roundhill CEO Will Hershey We wanted to provide investors with a comprehensive vehicle to invest in the space, and at a net expense ratio of only 0.59%*, we believe that WEED has the potential to become the benchmark for the entire sector.
Published Ncv Newswire, New Cannabis Ventures, 04/20/2022 12:13:00