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Cannabis stocks dip, Roundhill launches WEED ETF on 4/20

Yahoo Finance's Brian Cheung discusses how cannabis stocks are performing.

Video Transcript

BRIAN CHEUNG: All right, well, we want to take a look at some cannabis stocks because it is, of course, 4/20. And you can see the big board of some of the big cannabis stocks that are listed getting torched today, getting lit up, if you will. You can see Tilray down over 6%. You can also see CGC, Canopy Growth Corporation down almost 4%. Again, not necessarily off of any news or earnings. We haven't heard from some of these companies yet. ACB, Aurora Cannabis, another big stock in this space, also down over 3%.

And we want to highlight, although it's not on this board yet because it just unveiled today, there's a brand new ETF that you can get involved with if you want to invest in the weed space. It is stock ticker WEED. It's actually Roundhill Investments ETF that just launched today. It invests in equities, as well as some total return swaps that are linked to weed and then also the hemp industry. So if you want to get involved, you can find this stock on the Cboe BZX Exchange, stock ticker WEED, on this 4/20.