The Cannabis Sector Continues Falling In March
Top marijuana stocks are starting off the week continuing a downward spiral in the market. After reaching new highs in February most cannabis stocks have fallen by about one-third of their market value. For investors looking for some potential gains in marijuana stocks, this could be a good time to add some to your April 2021 watchlist. Although they are currently down cannabis stocks are still up a substantial amount for this year.
Since November leading cannabis stocks have seen upward momentum in the market. In reality, March would be the only month so far since September of 2020 the cannabis sector has not seen gains. Leading multistate operators have been hardest hit after the top Canadian cannabis stocks to watch. But with the cannabis sector down investors are able to find top marijuana stocks at better entry levels for investing.
One way more investor or gaining exposure to cannabis investments are through marijuana ETFs. Exchange-traded funds are a type of investment fund an exchange-traded product did I traded on stock exchanges. Very similar to mutual funds in many ways ETFs are different because they trade throughout the day in the regular market. One good thing about ETF’s is that they give you a broader exposure to a particular area of the market. At the present time, some cannabis ETFs are invested in Canadian marijuana stocks and US marijuana stocks. In other instances, there are ETF’s that focus solely on a particular region of the market.
Cannabis ETFs In 2021
Regardless of their specific investments marijuana ETFs in 2021 are a good way to gain exposure to different parts of the cannabis market. With so many different marijuana stocks to choose from it could be hard for investors to pick the best cannabis stocks for their portfolio. Actually, cannabis ETFs simplify the process for investors and give them a larger exposure to the cannabis market than just one company can.
Before investing in marijuana ETF’s, it’s always good to do your own due diligence and research different funds. At the present time, some marijuana ETFs also include a dividend for shareholders giving investors more incentive for the long-term hold. At the current sign cannabis, ETFs could be at a decent entry point to start a position. For the purpose of highlighting in researching some of the cannabis ETFs, we can take a closer look. With this in mind here are two top marijuana ETFs to watch as we head into April of 2021.
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Marijuana ETFs To Watch:
AdvisorShares Pure US Cannabis ETF (NYSE: MSOS)
ETFMG Alternative Harvest ETF (NYSE: MJ)
AdvisorShares Pure US Cannabis ETF (MSOS)
AdvisorShares Pure US Cannabis ETF has now recently surpassed $1 billion in assets under management making it a leading fund amongst marijuana ETFs. Specifically, MSOS ETF is the first ETF focusing solely on American cannabis companies. Currently, this ETF includes some of the top marijuana stocks to buy in 2021. The fund has assets that include multi-state operators, as well as U.S. cannabis REITs, CBD companies, pharmaceutical companies, and hydroponic suppliers. To elaborate, the ETF’s top 4 holdings are Trulieve Cannabis Corp. (OTC: TCNNF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries Inc. (OTC: GTBIF), and Cresco Labs Inc. (OTC: CRLBF).
MSOS ETF is up 8.07% year to date with a high of $55.91 in February. Currently trading on March 29th at $41.08 the stock could be a possible way to gain exposure to a broad area of the U.S. cannabis sector for the long term. According to analysts at Stock Invest MSOS ETF is expected to rise 13.28% during the next 3 months. As an option for investors looking for marijuana ETFs to watch MSOS ETF could be one of the best cannabis ETFs to invest in for 2021.
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ETFMG Alternative Harvest ETF (MJ)
ETFMG Alternative Harvest ETF is the world’s largest ETF to target the Cannabis industry with net assets of $1.75 billion. At the current time, most of the companies in the fund are the top Canadian marijuana stocks like Aphria Inc. (NASDAQ: APHA), Tilray, Inc. (NASDAQ: TLRY), and a few others like GW Pharmaceuticals plc (GWPH), and Turning Point Brands, Inc. (NYSE: TPB). One incentive for investors is a dividend to shareholders predicted to be a 2.61% dividend yield. In addition, with U.S. cannabis reform on the horizon, the exposure to the Canadian sector could have future potential for gains.
MJ ETF is up 49.93% year to date with a high of $34.58 back in February. Currently trading at $22.26 this cannabis ETF could be at a decent price point to consider a position. According to analysts at Stock Invest, MJ ETF is expected to rise 28.84% during the next 3 months. As a way to gain exposure tomorrow but the global cannabis market, MJ ETF could be one to add to your watchlist for April 2021.
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