Best Ways To Invest In The Cannabis Industry? 4 Top Marijuana ETFs To Watch Now

Top Marijuana Stocks In July 2022

Are you looking for top marijuana stocks to buy after the sector started showing some upside? Sen. Chuck Schumer’s announcement that he will formally introduce the CAOA in the Senate the next week gave cannabis stock prices a boost this week. Due to delays in federal cannabis regulation, several of the biggest marijuana companies have generally seen considerable decreases since 2021. Since he presented a draft of his legislation last year, cannabis investors have been anticipating Schumer’s legislation to make changes.

Even though many people now think that this law won’t pass, it may boost marijuana stock prices. This may present a chance for investors looking to profit from the cannabis market to enter the business at a lower entry point. Many of the leading cannabis stocks now trading have hit fresh lows at the start of July. Some investors opt to trade cannabis ETFs since the cannabis industry is known for having high market volatility.

Marijuana ETFs in 2022

Most of these top US marijuana stocks are not permitted to trade on significant US stock exchanges like the Nasdaq and NYSE due to current government prohibitions. They currently trade on the Over the Counter (OTC) Markets, where access for institutional investors and new retail investors is more restricted. Larger investing companies seldom deal in OTC securities, and the fastest-growing retail trading platforms like Robinhood Markets, Inc. (NASDAQ: HOOD) and WeBull also steer clear of them. On the other hand, investing in some of these businesses is possible through marijuana ETFs.

Cannabis exchange-traded funds (ETFs) provide access to cannabis businesses that aren’t yet listed on well-known stock exchanges. In general, an index, sector, commodity, or other assets will be tracked by a cannabis ETF, which will trade like a regular stock on the stock exchange. You may invest in the whole cannabis sector with just one position by finding the best cannabis ETFs that include the businesses you wish to invest in. Let’s take a look at four of the top marijuana ETFs to watch in 2022 as we continue to see market gains in July.

[Read More] How Will Marijuana Stocks React After The Governor Of Pennsylvania Signs A New Cannabis Bill?

Best Marijuana ETFs As Cannabis Stocks Gain In July

  1. AdvisorShares Pure US Cannabis ETF (NYSEArca: MSOS)
  2. Amplify Growth Opportunities ETF (NYSEArca: CNBS)
  3. AdvisorShares Pure Cannabis ETF (NYSEArca: YOLO)
  4. ETFMG Alternative Harvest ETF (NYSEArca: MJ)

The AdvisorShares Pure US Cannabis ETF (MSOS)

The AdvisorShares Pure US Cannabis ETF is the first marijuana ETF in the US to have assets under management of more than $1 billion. The majority of the assets and holdings of this top marijuana ETF are US cannabis companies. In general, the majority of the ETF’s assets are held by vertically integrated multi-state US operators, leading US cannabis REITs, CBD businesses, companies and businesses, and hydroponic suppliers. Among the MSOS ETFs currently accessible are Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries Inc. (OTC: GTBIF), and Cresco Labs Inc. (OTC: CRLBF).

MSOS ETF closed at $11.66 on July 14th, up 4.86% in the past five trading days. This ETF is down 54.44% year to date, with a 52-week price range of $10.08-$38.46. Currently, the MSOS ETF does not pay a dividend.

Amplify Seymour Cannabis ETF (CNBS)

The Amplify Seymour Cannabis ETF invests more than 80% of its assets in companies that profit from the production of cannabis and hemp, providing investors with exposure to the global cannabis industry. Due to swaps, this cannabis ETF now has access to US MSOs. Due to the inclusion of US cannabis companies, CNBS has big stakes in WM Technology, Inc. (NASDAQ: MAPS), Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), AFC Gamma (NASDAQ: AFCG), Inc. Tilray, Inc. (NASDAQ: TLRY) and GrowGeneration Corp. (NASDAQ: GRWG) are among its other holdings.

On July 15th the CNBS ETF finished at $7.02 after losing 3.04 percent in the past month of trading. The ETF is down 50.32% year to date, with a 52-week price range of $6.49-$23.69. Amplify ETFs’ total assets under management surpassed $5 billion in 2021.

AdvisorShares Pure Cannabis ETF YOLO

The company’s second most well-liked cannabis ETF is AdvisorShares Pure Cannabis ETF, also known as YOLO ETF. It makes investments in local and foreign cannabis companies with the intention of building long-term wealth. WM Technology, Inc. (MAPS), Canopy Growth Corporation (NASDAQ: CGC), Village Farms International, Inc. (NASDAQ: VFF), and Tilray Brands, Inc. are among the companies the ETF holds (TLRY). Investors would effectively have exposure to some of the most well-known cannabis businesses in the US and Canada thanks to this ETF.

YOLO ETF closed on July 14th at $5.77 up 3.04% in the last five days of trading. Currently, the ETF has a 52-week range of $5.19-$19.80 and is down 55.62% year to date.

ETFMG Alternative Harvest ETF (MJ)

One of the early and biggest exchange-traded funds with a concentration on cannabis was Alternative Harvest ETF (ETFs). The MJ ETF currently has a $386.32 million net asset value. The first and only U.S.-listed cannabis ETF that solely focuses on the international cannabis market, MJ is still one of the biggest cannabis ETFs in the world. The MJ fund exposes investors to cannabis industry areas that are undergoing legal, medical, and merger and acquisition activity. Among the leading Canadian cannabis businesses included in the Alternative Harvest ETF are Tilray, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), and GrowGeneration Corp. (NASDAQ: GRWG). For long-term investors, the MJ ETF offers a dividend yield of around 1.75 percent. The MJ ETF becomes a far more compelling long-term cannabis investment with a dividend.

MJ ETF closed on July 14th at $5.89 down 2.48% in the last month of trading. At the present time, MJ ETF has a 52-week price range of $5.52-$18.77 and is down 46.84% year to date.

Investing In Cannabis ETFs Long Term

Each investment in the current market entails risk because of current market volatility. It may be feasible to profit from cannabis ETFs by keeping track of how an ETF performs in the market and current potential catalysts for the cannabis business. Over the next five years, the cannabis market will more than double in size. One way to enter the bigger cannabis business with only one trade is to invest in a marijuana exchange-traded fund (ETF).

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