Investing in The Marijuana Industry In 2022
Do you want to make a long-term investment in the best marijuana stocks? Given the market volatility associated with the best cannabis stocks to watch right now, finding long-term investments with overall stability may be difficult.
Because of existing legislative restrictions, the majority of these top US marijuana stocks are not permitted to trade on major US stock exchanges such as the Nasdaq and NYSE. They now trade on OTC marketplaces, which are more difficult to access for institutional investors and novice retail investors. Both larger investment firms and the fastest-growing retail trading platforms, such as Robinhood Markets, Inc. (NASDAQ: HOOD) and WeBull, avoid OTC stocks. Marijuana ETFs, on the other hand, make it straightforward to invest in some of these businesses.
Cannabis exchange-traded funds give investors access to cannabis companies that aren’t yet listed on major stock exchanges. A cannabis ETF will typically track an index, sector, commodity, or other asset and trade like a regular stock on the stock exchange. You can invest in the whole cannabis industry with just one stake by locating the finest cannabis ETFs that include the businesses in which you want to engage. As the market rises in November, let’s take a look at four of the top marijuana ETFs to watch in 2022.
Top Cannabis ETFs For November 2022
- AdvisorShares Pure US Cannabis ETF (NYSEArca: MSOS)
- Amplify Growth Opportunities ETF (NYSEArca: CNBS)
- AdvisorShares Pure Cannabis ETF (NYSEArca: YOLO)
- ETFMG Alternative Harvest ETF (NYSEArca: MJ)
The AdvisorShares Pure US Cannabis ETF (MSOS)
AdvisorShares Pure US Cannabis ETF is the first marijuana ETF in the United States, managing more than $1 billion in assets. The majority of this top marijuana ETF’s assets and holdings are cannabis companies based in the United States. Vertically integrated multi-state US operators, prominent US cannabis REITs, CBD companies, corporations and firms, and hydroponic suppliers frequently own the majority of the ETF’s assets. Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries Inc. (OTC: GTBIF), and Cresco Labs Inc. are among the MSOS ETFs that are now available (OTC: CRLBF).
MSOS ETF closed at $10.65 on November 3rd up 14.64% in the past month of trading. This ETF is down 58.38% year to date, with a 52-week price range of $8.70-$33.80. Currently, the MSOS ETF does not pay a dividend.
Amplify Seymour Cannabis ETF (CNBS)
The Amplify Seymour Cannabis ETF provides investors with exposure to the global cannabis market by investing more than 80% of its assets in firms that profit from the cultivation of cannabis and hemp. This cannabis ETF now has access to US MSOs as a result of swaps. Because of the inclusion of US cannabis companies, CNBS has significant investments in WM Technology, Inc. (NASDAQ: MAPS), Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), and AFC Gamma (NASDAQ: AFCG), Inc. GrowGeneration Corp. (NASDAQ: GRWG) and Tilray, Inc. are two of its other holdings (NASDAQ: TLRY).
On November 3rd the CNBS ETF finished at $6.65 up 11.54% in the last month of trading. The ETF is down 52.94% year to date, with a 52-week price range of $5.75-$20.44. Amplify ETFs’ total assets under management surpassed $5 billion in 2021.
AdvisorShares Pure Cannabis ETF YOLO
AdvisorShares Pure Cannabis ETF, often known as YOLO ETF, is the market’s second most popular cannabis ETF. It makes long-term investments in both domestic and international cannabis firms. The ETF’s holdings include WM Technology, Inc. (MAPS), Canopy Growth Corporation (NASDAQ: CGC), Village Farms International, Inc. (NASDAQ: VFF), and Tilray Brands, Inc. (TLRY). Through this ETF, investors would essentially gain access to some of the most well-known cannabis businesses in the United States and Canada.
YOLO ETF closed on November 3rd at $5.29 up 26.27% in yesterday’s trading. Currently, the ETF has a 52-week range of $4.11-$18.34 and is down 57.85% year to date.
ETFMG Alternative Harvest ETF (MJ)
Alternative Harvest ETF was one of the first and largest exchange-traded funds with a cannabis focus (ETFs). The MJ ETF’s current net asset value is $386.32 million. MJ, the first and only cannabis ETF with a U.S. listing that primarily focuses on the global cannabis market, is still one of the world’s largest cannabis ETFs. Investors in the MJ fund gain exposure to cannabis business segments undergoing legal, medical, and merger and acquisition activity. The Alternative Harvest ETF includes Tilray, Inc., Canopy Growth Corporation, and GrowGeneration Corp., three of Canada’s largest marijuana companies (NASDAQ: GRWG). The MJ ETF has a dividend yield of about 1.75 percent for long-term investors.
MJ ETF closed on November 3rd at $5.34 up 11.48% in the last month’s trading. At the present time, MJ ETF has a 52-week price range of $4.54-$1578 and is down 51.81% year to date.
Marijuana ETFs For Q4 2022
Because of the current market’s volatility, every investment carries some risk. It is possible to profit from cannabis ETFs by monitoring their market performance and current potential catalysts for the cannabis industry. The cannabis market will more than double in size during the next five years. Investing in a marijuana ETF is one way to enter the larger cannabis business with a single trade.
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