|Bid||20.01 x 1100|
|Ask||21.50 x 800|
|Day's Range||21.50 - 21.79|
|52 Week Range||20.90 - 26.50|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.74%|
While Congress and activists met for the first time to discuss ending marijuana prohibition in the United States last week — there was plenty of “disagreement and debate,” reported Marijuana Moment — all signs continue to point toward federal legalization remaining a ways away. Conducted by YouGov, the poll represents a “clear and growing appetite” for reforming drug laws in the UK, says the Conservative Drug Policy Reform Group, which commissioned the study. The poll shows a vast majority support medical marijuana legalization in the UK (77%).
A third marijuana ETF began trading in the U.S., just ahead of the U.S. House of Representatives' meeting to discuss federal prohibition of cannabis.
Cannabis stocks flew higher in reaction to the legalization of recreational weed in Canada and the legalization of hemp in the U.S. as part of the 2018 Farm Bill. Many investors are working under the assumption that cannabis will be legalized at the federal level in the near-term, Cramer said during his daily "Mad Money" show Thursday. A disconnect exists between what many cannabis companies are promising investors versus the reality on the ground, Cramer said.
Restrictions on outside investments, state and local regulations and oversaturation are constant roadblocks that exist in every cannabis legalized state to some degree and have a direct impact. There is a lot of talk about the lack of opportunity for outside investors to get in on states’ local cannabis industries. Foreign investors are looking to collaborate, but the general consensus from state and local regulation has been negative.
YOLO's management team announced the addition of MSOs to the fund's roster one day after the debut of The Cannabis ETF (NYSE: THCX), the newest New York-listed marijuana ETF. YOLO is the first cannabis ETF trading in the U.S. to include MSOs. MSOs “are U.S. based companies directly involved in the legal production and distribution of cannabis in states where approved,” according to a statement from AdvisorShares.
America’s conflicting laws about marijuana have made it a hassle for investors to bet on U.S. pot producers. The process got a little bit easier this week.
On Wednesday, U.S. Congress held a landmark hearing regarding cannabis legalization and the need to reform. Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 -- Click here to learn more! "It is imperative that we recognize the disparate and ongoing impact of marijuana prohibition on people of color and the barriers it creates for them to take part in the burgeoning legal cannabis market,” Aaron Smith, executive director of the National Cannabis Industry Association, said in a statement.
This is the first of a two-part series on the history of Colombia and its route to cannabis legalization. Colombia is in an extraordinary position. It possesses the fourth largest economy in Latin America.
Investors that enjoy cannabis investing via the ETF wrapper rejoice: you've got another marijuana ETF to consider. On Tuesday, the aptly named Cannabis ETF (NYSEARCA:THCX) came to market.Source: Shutterstock The new cannabis ETF's issuer, Innovation Shares, frames the rookie marijuana fund as the "first passively managed pure-play ETF solution for investing in cannabis." THCX is the third cannabis ETF to hit U.S. exchanges. The $1.1 billion ETFMG Alternative Harvest ETF (NYSEARCA:MJ) is the seasoned veteran among domestic cannabis ETFs.New competition to MJ arrived in April when the actively managed AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) launched. Today, YOLO has around $60 million in assets under management, making it one of the more successful stories among 2019's crop of new thematic ETFs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The S&P 500's 5 Best Highest-Yielding Dividend Stocks "As a pure-play cannabis ETF, THCX focuses on companies in the legal marijuana, CBD and hemp industries -- the portfolio does not rely on alcohol or tobacco stocks to provide exposure to this burgeoning global growth story," said Innovation Shares Managing Director Matt Markiewicz in a statement. The New Cannabis ETF's HoldingsThe new cannabis ETF tracks the Innovation Labs Cannabis Index, a rules-based benchmark that rebalances monthly. Home to 36 stocks, the cap-weighted index has a combined market capitalization of about $80 billion and features 19 licensed Canadian producers and 19 US-listed weed stocks, according to issuer data.Index components include some more obscure fare, such as The Green Organic Dutchman Holdings Ltd. (OTC:TGODF) and Toronto-listed OrganiGram Holdings Inc. (TSXV:OGI.V). Well-known cannabis names in the benchmark include Aurora Cannabis (NYSE:ACB), Canopy Growth (NYSE:CGC) and HEXO Corp (NYSE:HEXO), a beaten up Canadian cannabis name."The index currently consists of 35 stocks that are expected to benefit from the rise in value of the global cannabis market which is estimated to reach $630 billion by 2040," according to the index provider.Combined, THCX's aforementioned rivals, MJ and YOLO, have almost $1.2 billion in assets under management. That number does not necessarily jibe with investor demand for a marijuana ETF or interest in the cannabis investment theme. However, that theme is still in its early innings, many cannabis stocks are volatile, plenty are not profitable and some investors are simply waiting for the group's real leaders to emerge while the more financially challenged names peter out.While a myriad of challenges face cannabis stocks and their investors, scores of data and fundamental factors bode well for the long-term trajectory of the industry, potentially paving the way for more acceptance and assets of cannabis ETFs."With several regulatory catalysts on the horizon in the U.S. and abroad, the current cannabis environment presents an exciting opportunity for investors," said Markiewicz. "One area which has witnessed explosive growth since the signing of last year's U.S. Farm Bill is the hemp-derived CBD industry. Several of the companies in the portfolio are actively participating in this CBD boom by cultivating hemp, providing extraction services or by using CBD for applications in the pharmaceutical, health and consumer wellness markets." The Bottom Line on THCXMany new ETFs, regardless of underlying investment objective, struggle. And it is clear THCX entered as still small, but highly competitive arena. That said, the new cannabis ETF has something on its side: a low fee. Sort of."Sort of" because the rookie cannabis ETF charges 0.70%, per year, or $70 on a $10,000 investment. That is not cheap in ETF terms, but it is expensive relative to the 0.75% charged by MJ and YOLO's annual expense ratio of 0.74%. * 7 Retail Stocks to Buy for the Second Half of 2019 At the very least, THCX's low fee is likely to catch a few eyes among investors comparing the cannabis ETFs and that should be good to get some capital flowing into the fund.Todd Shriber does not own any of the aforementioned securities.The post The New Cannabis ETF Is the Market's Cheapest Marijuana Fund appeared first on InvestorPlace.
BETHESDA, Md., July 10, 2019 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Pure Cannabis ETF (YOLO) has added exposure to cannabis multi-state operators (MSOs) which are U.S. based companies directly involved in the legal production and distribution of cannabis in states where approved, making YOLO the only U.S. listed ETF to do so. As more states legalize cannabis for medical or recreational-use, MSOs are believed to be a growth opportunity based on their ability to develop operational, distribution, marketing, and research and development efficiencies in multiple states where legal. For more information on the AdvisorShares Pure Cannabis ETF, please visit www.advisorshares.com or call an AdvisorShares Investment Consultant at 1-877-843-3831.
Upstart exchange traded funds issuer Innovation Shares is expected to roll out The Cannabis ETF (NYSE: THCX ) today, about nine months after the issuer filed plans for the fund. What Happened Innovation ...
According to the National Retail Federation, Mother’s Day and Father’s Day spending this year was expected to reach a record $25 billion and $16 billion, respectively. Data from Headset, a data analytics company in the cannabis industry, shows some of that money was spent on cannabis products. Yes, even when it is hard to say exactly how much, the lift in cannabis purchases was tangible during both weekend celebrations.
There’s a general consensus among insiders that the federal prohibition on cannabis will be repealed within the next three to five years. I think it’ll be sooner. Momentum is strong, voters want it, and ...
The University of Maryland just earned some cred within marijuana circles, following an announcement the pharmacy school will offer a graduate degree in medical cannabis. The news comes as a reversal of sorts from the school’s decision two years to cancel previously planned medical marijuana courses after receiving advice from the state’s attorney general. Currently, most marijuana degrees and classes take place online and at unaccredited universities.
Through the creation of authentic, tasteful, and rich cannabis experiences, Herb provides people with smart recommendations for cannabis products and information. A lot has changed since we began, however, and the cannabis industry shows no signs of slowing down. In October, Canada is legalizing edibles, beverages, vaporizers, and topicals, marking the “second wave” of legalization.
A few years ago, a group of scientists at the Social Development Research Group at the University of Washington in Seattle looked at the association between drinking and cannabis by reviewing the reports that had been done on alcohol use in states that had legalized marijuana in some form. “It is likely that the relationship between marijuana and alcohol varies for different segments of the population, and the type and course of marijuana and alcohol use,” the researchers found.
The week ahead will be an exciting one for the cannabis industry for a number of reasons. First, it'll be a holiday week due to the U.S. Independence Day and Canada Day celebrations on July 4 and July 1, respectively, businesses are expected to have higher sales as cannabis has made its way into all major U.S. and Canadian holidays. Need more cannabis news?
A bill filed by two Oregon Democrats, Sen. Ron Wyden and Rep. Earl Blumenauer, would allow cannabis to be transported from one state where cannabis is legal to another legal state. Oregon farmers are producing far more cannabis than is being consumed in the state and would welcome the additional markets. The Wyden-Blumenauer measure also would protect people in legal cannabis states from federal prosecution.
The UK’s Centre for Medicinal Cannabis released its latest report Thursday. Titled “CBD in the UK: Towards a responsible innovative, and high-quality cannabidiol industry,” the report provides wide-ranging ...
Common statistics about women in the cannabis industry have been regurgitated like a mama bird feeding her nestlings – from the decreasing number of women in executive level positions to the lack of investment going to female founders. Perhaps if 21st century business didn’t resemble forms of 20th century business, then statistics wouldn’t be the same regurgitation. The cannabis industry must do better,’ Tahira Rehmatullah, Executive Director of Hypur Ventures and board member at Akerna Corp (NASDAQ: KERN) commented.