Marijuana Watchlist: September 2023's Standout ETFs in Cannabis

Top Marijuana ETFs for September 2023

In 2023, the cannabis industry and top marijuana stocks are blazing a trail of exponential growth, presenting investors with a unique opportunity to tap into this flourishing sector. As regulatory landscapes evolve and societal attitudes toward marijuana become more accepting, the market for cannabis-related products expands at an unprecedented rate.

One way investors are capitalizing on this green revolution is through Marijuana ETFs, which offer diversified exposure to the industry’s leading players. In general, these ETFs have gained considerable traction, driven by their potential for significant returns and the allure of consistent dividends. With the cannabis industry poised for substantial growth, these ETFs are emerging as a promising vehicle for investors seeking exposure to this burgeoning sector.

The forecasted trajectory of the cannabis industry is undeniably impressive, with experts predicting that global sales could surpass $100 billion by 2030. This exponential growth is underpinned by an evolving legal landscape, with an increasing number of countries and states embracing cannabis for medicinal and recreational use. As a result, marijuana ETFs have garnered considerable attention, promising investors capital appreciation and dividend income as cannabis companies expand their profitability. This article will delve into the top marijuana ETFs in 2023, offering a comprehensive overview of their potential and the opportunities they present in this thriving industry.

[Read More] Top Marijuana Stocks For Your 2023 Watchlist

Cannabis Capital: The Must-Watch Marijuana ETFs in September 2023

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

The AdvisorShares Pure US Cannabis ETF (MSOS)

The AdvisorShares Pure US Cannabis ETF is the country’s first marijuana ETF. This top marijuana ETF invests significant assets and holdings in cannabis companies based in the United States. Vertically integrated multi-state US operators, well-known US cannabis REITs, CBD companies, organizations, firms, and hydroponic suppliers often own most of the ETF’s holdings.

Q2 2023 Portfolio Review

The portfolio maintains a high concentration in its top holdings in the largest multi-state operators (MSOs). In general, this is a trend that has only continued as the top five holdings represented 58.5% of the portfolio at the end of the 1st quarter of 2022, 66.8% of the portfolio by the end of the 2nd quarter of 2022, 73.5% of the portfolio by the end of the 3rd quarter of 2022, 81.3% of the portfolio at the end of the 4th quarter 2022, 78.66% of the portfolio at the end of the 1st quarter 2023, and 82.53% of the portfolio at the end of the 2nd quarter 2023.

Top Holdings

  3. VRNOF VERANO HOLDINGS CORP SWAP REC              11.88%
  4. TCNNF TRULIEVE CANNABIS SWAP REC                       10.98%
  5. TRSSF  TERRASCEND CORP SWAP REC                            9.57%
  6. CRLBF  CRESCO LABS INC SWAP REC                               7.61%
  7. CCHWF            COLUMBIA CARE INC SWAP REC            2.93%
  8. GLASF  GLASS HOUSE BRANDS                                          2.44%
  9. JUSHF  JUSHI HOLDINGS INC SWAP REC                      2.03%
  10. AYRWF AYR WELLNESS INC REC                                       1.48%

MSOS ETF closed at $8.98 on September 14th, up 82.15% in the past month of trading. This ETF is up 24.87% year to date, with a 52-week price range of $4.84-$14.60.

[Read More] Mid-September 2023 Watchlist: Top Ancillary Cannabis Stocks

Amplify Seymour Cannabis ETF (CNBS)

The Amplify Seymour Cannabis ETF invests more than 80% of its assets in companies that profit from cannabis and hemp cultivation, providing investors with exposure to the global cannabis industry. Because of swaps, this cannabis ETF now has access to US MSOs.

Top Holdings

  1. Invesco Shrt-Trm Inv Gov&Agcy Instl  AGPXX 20.11%
  2. Tilray Brands Inc         TLRY    10.39%
  3. Jazz Pharmaceuticals PLC       JAZZ     6.39%
  4. GrowGeneration Corp GRWG 5.42%
  5. WM Technology Inc Ordinary Shares – Class A           MAPS  5.02%
  6. Cronos Group Inc        CRON  4.70%

On September 14th, the CNBS ETF finished at $5.59, up 44.44% in the last month of trading. In this case, the ETF is up 9.82% year to date, with a 52-week price range of $3.66-$8.28.

[Read More] 3 Marijuana Stocks To Watch As The Cannabis Industry Continues To Grow

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 $253.46 million. MJ, the first and only cannabis ETF with a US listing that is entirely focused on the global cannabis business, remains one of the world’s largest. The MJ fund exposes investors to the legal, medical, and merger and acquisition activity in the cannabis business.

Top Holdings

Name  Symbol % Assets

  1. ETFMG US Alternative Harvest ETF    MJUS              52.79%
  2. ETFMG Sit Ultra Short ETF      VALT                              8.89%
  3. Tilray Brands Inc         TLRY                                              8.68%
  4. SNDL Inc Ordinary Shares       SNDL                              6.05%
  5. Cronos Group Inc        CRON                                             5.42%
  6. Chicago Atlantic Real Estate Finance Inc        REFI     2.97%
  7. Aurora Cannabis Inc    ACB                                               2.75%
  8. Canopy Growth Corp  WEED                                           2.33%
  9. OrganiGram Holdings Inc        OGI                                 1.32%
  10. High Tide Inc   HITI                                                           1.24%

MJ ETF closed on September 14th  at $4.40, up 44.74% in the last month’s trading. In this case, MJ ETF has a 52-week price range of $ 2.84-$6.635, up 3.29% year to date.

Exploring the Top Marijuana ETF of the Month

In September 2023, the world of marijuana ETFs provides various opportunities for investors seeking to capitalize on the cannabis industry’s rapid expansion. In general, these ETFs offer a straightforward way to obtain exposure to this thriving sector and the potential for big profits and dividends as the business grows. Also, with the cannabis business expected to reach new heights in the coming years, these top marijuana ETFs are worth watching, as they provide a means to participate in the green revolution, altering economies and financial landscapes.

These ETFs remain a dynamic investment option for individuals seeking both short-term gains and long-term income as legislative obstacles continue to collapse and many countries recognize the potential economic benefits of legalized cannabis. However, like with any investment, investors should undertake extensive research and consider their risk tolerance before diving into marijuana ETFs. Overall, staying current on the ever-changing cannabis business and regularly monitoring the performance of these top ETFs will be critical for making informed investing decisions in this high-growth sector.

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