Best Long-Term Investments In Cannabis For 2023
Do you intend to invest in the top marijuana stocks for the long term? Given the market volatility associated with the top cannabis stocks to watch, it may be tough to locate long-term investments with a general sense of security.
The cannabis market could more than double in the next five years. The cannabis industry in the United States will also grow dramatically. Congress is now working on SAFE Banking and could create a new rally in pot stocks. If federal marijuana legalization fails on Capitol Hill, leading marijuana companies will face increased volatility. Investors can profit from the market’s momentum by capitalizing on the sector’s rebound.
Legal limitations have prevented most of these top US marijuana stocks from trading on major US stock exchanges such as the Nasdaq and NYSE. They now trade on OTC platforms, which are more difficult for institutional and new investors to access. 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 straightforward when using marijuana ETFs.
Thanks to exchange-traded funds, investors can access cannabis-related businesses that aren’t listed on well-known stock exchanges. A cannabis ETF trades on the stock exchange like any other security and typically tracks an index, sector, commodity, or other assets. You may invest in the cannabis market with just one stake if you find the best cannabis ETFs that contain the firms you want to invest in. Look at the top three marijuana exchange-traded funds (ETFs) to watch.
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Best Cannabis ETFs For To Watch Mid-May 2023
- AdvisorShares Pure US Cannabis ETF (NYSE: MSOS)
- Amplify Growth Opportunities ETF (NYSE: CNBS)
- ETFMG Alternative Harvest ETF (NYSE: MJ)
The AdvisorShares Pure US Cannabis ETF (MSOS)
The AdvisorShares Pure US Cannabis ETF, which now manages over $1 billion in assets, is the country’s first marijuana ETF. This top marijuana ETF invests a significant amount of its holdings and assets in US cannabis companies. Vertically integrated multi-state US operators, well-known US cannabis REITs, CBD companies, organizations, and firms, and hydroponic suppliers frequently own the majority of the ETF’s holdings. Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries Ltd. (OTC: GTBIF), and Cresco Labs Inc. (OTC: CRLBF) are among the MSOS ETFs that are now available.
MSOS ETF closed at $5.30 on May 11th, down 24.82% in the past month of trading. This ETF is down 25.46% year to date, with a 52-week price range of $5.05-$14.73.
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Amplify Seymour Cannabis ETF (CNBS)
The Amplify Seymour Cannabis ETF invests more than 80% of its assets in firms that earn revenue from cannabis and hemp cultivation, giving investors exposure to the worldwide cannabis sector. This cannabis ETF now has access to US MSOs thanks to swaps. As a result of the inclusion of US cannabis enterprises, CNBS retains significant stakes in WM Technology, Inc. (NASDAQ: MAPS), Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), and AFC Gamma (NASDAQ: AFCG), Inc. GrowGeneration Inc. (NASDAQ: GRWG) and Tilray, Inc. (NASDAQ: TLRY) are also subsidiaries.
On May 11th, the CNBS ETF finished at $3.97, down 0.30% in the last month of trading. The ETF is down 22% year to date, with a 52-week price range of $3.765-$8.98.
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ETFMG Alternative Harvest ETF (MJ)
Alternative Harvest ETF was one of the first and largest cannabis-focused exchange-traded funds (ETFs). The current net asset value of the MJ ETF is $386.32 million. MJ, the first and only cannabis ETF with a US listing solely targeting the global cannabis market, is still one of the world’s largest. Investors in the MJ fund have exposure to the cannabis industry’s legal, medical, and merger & acquisition activity. Tilray, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), and GrowGeneration Corp. (NASDAQ: GRWG) are three of Canada’s major marijuana firms represented by the Alternative Harvest ETF. Long-term investors should expect a dividend yield of roughly 1.75 percent from the MJ ETF.
MJ ETF closed on May 11th at $3.28, down 2.38% in the last month’s trading. Currently, MJ ETF has a 52-week price range of $3.11-$8.17 and is down 23% year to date.
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Investing In Cannabis ETFs For 2023
Every investment entails some risk due to the present market’s volatility. In general, monitoring the market performance of cannabis ETFs and previous and forthcoming industry catalysts can help one profit in the cannabis business. Over the next five years, the cannabis market will more than double in size. Purchasing marijuana ETFs is one way to gain immediate access to the bigger cannabis industry.
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