The Marijuana Sector Continues Setting New Highs
One thing is certain 2021 has brought the best marijuana stocks to buy to new heights in the market. At the present time, some leading cannabis stocks like Green Thumb Industries Inc. (OTC: GTBIF) have gained 45.92% year-to-date. In February this top U.S. cannabis company continues to climb in the market. Essentially most pot stocks to watch are following similar trading patterns.
With this in mind, investors are looking for the best way to invest in the cannabis sector. But with so many cannabis stocks at new highs in the market, the decision becomes more complex. Despite marijuana stocks, substantial gains in 2021 investors should keep in mind that the cannabis sector is one of the more volatile areas of the market.
New cannabis investors should research a cannabis company before starting a position. In general, this will give an investor a better understanding of the company and make them feel more comfortable with their investment. Some investors want to gain exposure to the cannabis market as a whole. One way to do this is to start positions in a few different cannabis stocks in the market. But this can leave an investor with many different positions to manage.
Investing In Cannabis ETFs
Another way to invest in the cannabis industry is through marijuana ETFs. In detail, an ETF is an investment fund and exchange-traded product that trades on the stock exchanges. In many ways, an ETF is similar to a mutual fund, but it trades throughout the day on the market.
Currently, there are some cannabis ETFs that can give investors exposure to a different part of the cannabis industry. Actually, some focus on specific sectors and others have a broader exposure globally. Some even provide shareholders with dividends for long-term investing. For the purpose of researching some of the best marijuana ETFs in 2021 let’s take a look at a few different options in the market.
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Marijuana ETFs To Watch:
- AdvisorShares Pure US Cannabis ETF (NYSE: MSOS)
- ETFMG Alternative Harvest ETF (NYSE: MJ)
- Global X Cannabis ETF (NASDAQ: POTX)
AdvisorShares Pure US Cannabis ETF (MSOS)
MSOS ETF is one of AdvisorShares more recent ETFs with a focus specifically on the U.S. cannabis market. With a debut in September of 2020 MSOS ETF has $582.68 million in assets. Actually, the ETF is the first index dedicated exclusively to exposure from U.S. cannabis companies. In detail, some of the ETF’s major holdings are Trulieve Cannabis Corp. (OTC: TCNNF), Green Thumb Industries Inc., Curaleaf Holdings, Inc. (OTC: CURLF), and Cresco Labs Inc. (CRLBF). Currently, MSOS ETF is up 40.14% year-to-date with a price of $52.96 a share at the close of February 9th. At the current time, analysts at Stock Invest are predicting MSOS ETF to rise 60.25% in the next 3 months. Making MSOS ETF a pure cannabis ETF to watch in 2021.
ETFMG Alternative Harvest ETF (MJ)
ETFMG Alternative Harvest MJ ETF was founded in 2015 and is one of the larger ETFs focusing on cannabis with $1.44 billion in assets. In detail, the index is designed to measure the performance of companies within the cannabis market that benefit from global medicinal and recreational cannabis legalization initiatives. Actually, this ETF gives investors much more exposure to some of the top Canadian and pharmaceutical companies in the market. Some of its larger holdings are Aphria Inc. (NASDAQ: APHA), Tilray, Inc. (NASDAQ: TLRY), and Canopy Growth Corporation (NASDAQ: CGC). MJ ETF is up 94.48% since the start of 2021 and closed trading on February 9th at $28.90. As it stands, the cannabis sector continues to show upward momentum MJ ETF could be a top cannabis ETF to invest in for 2021.
[Read More] Are These The Best Marijuana Stocks To Buy For Long-Term Cannabis Investments?
Global X Cannabis ETF (POTX)
Global X Cannabis ETF invests in companies across the legal cannabis industry. The ETF provides investors with exposure to the growth and distribution of cannabis and hemp. As well as other areas like pharmaceutical companies and extraction providers. Currently one of the smaller ETFs with $36.98 million in net assets POTX ETF has been seeing upward momentum in the market. In fact, POTX ETF has gained 128.51% since the beginning of 2021 and closed on February 9th at $23.88. Some of the ETF’s larger holdings are Aurora Cannabis Inc. (NYSE: ACB), Aphria, Tilray, and Canopy. For this reason, POTX ETF is a top marijuana ETF to possibly invest in for 2021.
Final Thoughts
In general, these ETFs are performing well in the market in 2021 and provide investors with a simplified method of investing in the cannabis sector. With the marijuana sector moving up in the market at a rapid pace it could be time to consider investing in the future of the cannabis industry. With this in mind marijuana ETFs are a good way to gain exposure to the growth in the cannabis market.
[Read More] 3 Marijuana Stocks That May Be The Right Investment In 2021
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