Best Long-Term Cannabis Investments In 2023
Do you aim to make long-term investments in the best marijuana stocks? Given the market volatility linked with the best cannabis stocks to monitor, finding long-term investments with a general sense of security may be difficult. Within the next five years, the cannabis market could more than double. The cannabis industry in the United States will also boom. Congress is currently working on SAFE Banking, which might spark a new rise in marijuana equities. Leading marijuana companies may suffer heightened volatility if federal marijuana legalization fails on Capitol Hill. Investors can profit from the market’s momentum by capitalizing on the sector’s resurgence.
Most of the biggest US marijuana stocks cannot trade on major US stock exchanges such as the Nasdaq and NYSE due to legal constraints. They currently trade on over-the-counter (OTC) platforms, which are more difficult to access for institutional and new investors. Major financial institutions and the fastest-growing retail trading platforms, such as WeBull and Robinhood Markets, Inc. (NASDAQ: HOOD), avoid OTC shares. However, investing in some of these companies is simple when using marijuana ETFs.
Cannabis ETFs include a variety of investing strategies, such as those focusing on certain geographies, market segments, or investment themes. Some cannabis ETFs invest in a diverse portfolio of cannabis companies, while others concentrate on certain industry sectors, such as cultivation, medications, or ancillary services. The variety of cannabis ETFs allows investors to select funds that match their investing goals and risk tolerance. This article explores the world of cannabis ETFs and examines the cannabis industry’s landscape in 2023.
Top Cannabis ETFs To Watch In June 2023
- AdvisorShares Pure US Cannabis ETF (NYSEArca: MSOS)
- Amplify Growth Opportunities ETF (NYSEArca: CNBS)
- ETFMG Alternative Harvest ETF (NYSEArca: MJ)
The AdvisorShares Pure US Cannabis ETF (MSOS)
The AdvisorShares Pure US Cannabis ETF is the country’s first marijuana ETF, with over $1 billion in assets under management. This top marijuana ETF invests a considerable portion of its holdings and assets in cannabis companies in the United States. Vertically integrated multi-state US operators, well-known US cannabis REITs, CBD companies, organizations, firms, and hydroponic suppliers usually own most of the ETF’s holdings. MSOS ETFs include Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries Ltd. (OTC: GTBIF), and Cresco Labs Inc. (OTC: CRLBF).
MSOS ETF closed at $5.39 on June 1st, down 4.26% in the past month of trading. This ETF is down 22.89% year to date, with a 52-week price range of $5.05-$14.60.
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Amplify Seymour Cannabis ETF (CNBS)
The Amplify Seymour Cannabis ETF invests more than 80% of its assets in companies that make money from cannabis and hemp cultivation, providing investors with exposure to the global cannabis industry. Because of swaps, this cannabis ETF now has access to US MSOs. CNBS retains major investments in WM Technology, Inc. (NASDAQ: MAPS), Hydrofarm Holding Group, Inc. (NASDAQ: HYFM), and AFC Gamma (NASDAQ: AFCG), Inc. as a result of the inclusion of US cannabis firms. Tilray, Inc. (NASDAQ: TLRY) and GrowGeneration Inc. (NASDAQ: GRWG) are also subsidiaries.
On June 1st, the CNBS ETF finished at $3.7517, down 5.74% in the last month of trading. The ETF is down 26.29% year to date, with a 52-week price range of $3.75-$8.44.
ETFMG Alternative Harvest ETF (MJ)
Alternative Harvest ETF was one of the earliest and largest cannabis-focused ETFs. The MJ ETF’s current net asset value is $386.32 million. MJ, the first and only cannabis ETF with a US listing that is completely focused on the global cannabis market, is still one of the largest in the world. The MJ fund exposes investors to the cannabis industry’s legal, medical, and merger and acquisition activity. The Alternative Harvest ETF includes Tilray, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), and GrowGeneration Corp. (NASDAQ: GRWG), three of Canada’s biggest marijuana companies. The MJ ETF should provide a dividend yield of around 1.75 percent to long-term investors.
MJ ETF closed on June 1st at $3.02, down 9.58% in the last month’s trading. Currently, MJ ETF has a 52-week price range of $3.00-$7.22 and is down 23% year to date.
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Trading Marijuana ETFs In 2023
Because of the current market’s volatility, every investment carries some risk. In general, keeping track of the market performance of cannabis ETFs and prior and upcoming industry catalysts might help one profit in the cannabis industry. The cannabis market could more than double in size during the next five years. Investing in marijuana ETFs is one way to acquire instant access to the larger cannabis business.
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