Unveiling Promising Cannabis Investments through these ETFs
As the cannabis market grows, 2023 promises a potential picture for investors looking for the best cannabis Exchange-Traded Funds (ETFs). Overall, with changing restrictions and rising legality, these ETFs have emerged as significant actors in the rapidly expanding cannabis industry.
Cannabis ETFs have grown in popularity because of their diverse portfolios, which include companies involved in cultivation, distribution, research, and ancillary services. As more regions embrace medical and recreational cannabis usage, the industry’s potential for significant expansion is clear. In addition, this increased acceptance supports investors’ expectations of long-term profitability.
Investors looking to profit from the cannabis industry’s upward trend are keeping a close eye on the performance of these ETFs. In general, the convergence of changing public views, regulatory advancements, and increasing markets adds to the attraction of these investment vehicles. As 2023 unfolds, the top cannabis ETFs will be ready to capitalize on the potential of this developing sector, providing investors with a means to participate in its intriguing journey.
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WeedWealth Watchlist: Exploring Top Cannabis ETFs for Long-Term Gains in 2023
- AdvisorShares Pure US Cannabis ETF (NYSEArca: MSOS)
- Amplify Growth Opportunities ETF (NYSEArca: CNBS)
- 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’s top holdings in the largest multi-state operators (MSOs) remain highly concentrated. In addition, the top five holdings represented 58.5% of the portfolio at the end of the first quarter 2022, 66.8% of the portfolio by the end of the second quarter 2022, 73.5% of the portfolio by the end of the third quarter 2022, 81.3% of the portfolio at the end of the fourth quarter 2022, 78.66% of the portfolio at the end of the first quarter 2023, and 82.53% of the portfolio at the end of the second quarter 2023.
- GTBIF GREEN THUMB INDUSTRIES SWAP REC 26.01%
- CURLF CURALEAF HOLDINGS INC SWAP REC 20.15%
- VRNOF VERANO HOLDINGS CORP SWAP REC 11.88%
- TCNNF TRULIEVE CANNABIS SWAP REC 10.98%
- TRSSF TERRASCEND CORP SWAP REC 9.57%
- CRLBF CRESCO LABS INC SWAP REC 7.61%
- CCHWF COLUMBIA CARE INC SWAP REC 2.93%
- GLASF GLASS HOUSE BRANDS 2.44%
- JUSHF JUSHI HOLDINGS INC SWAP REC 2.03%
- AYRWF AYR WELLNESS INC REC 1.48%
MSOS ETF closed at $4.96 on August 17th, up 1.63% in the past three months of trading. This ETF is down 19.60% year to date, with a 52-week price range of $4.84-$14.5950.
[Read More] Top US Marijuana Stocks to Watch in August 2023
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.
- Invesco Shrt-Trm Inv Gov&Agcy Instl AGPXX 20.11%
- Tilray Brands Inc TLRY 10.39%
- Jazz Pharmaceuticals PLC JAZZ 6.39%
- GrowGeneration Corp GRWG 5.42%
- WM Technology Inc Ordinary Shares – Class A MAPS 5.02%
- Cronos Group Inc CRON 4.70%
On August 17th, the CNBS ETF finished at $3.8745, down 2.92% in the last month of trading. In this case, the ETF is down 24.66% year to date, with a 52-week price range of $3.66-$8.28.
ETFMG Alternative Harvest ETF (MJ)
Alternative Harvest ETF was one of the first and largest cannabis-focused exchange-traded funds (ETFs). In addition, the MJ ETF’s current net asset value is $232.6 million. MJ, the first and only cannabis ETF with a US listing 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.
Name Symbol % Assets
- ETFMG US Alternative Harvest ETF MJUS 52.79%
- ETFMG Sit Ultra Short ETF VALT 8.89%
- Tilray Brands Inc TLRY 8.68%
- SNDL Inc Ordinary Shares SNDL 6.05%
- Cronos Group Inc CRON 5.42%
- Chicago Atlantic Real Estate Finance Inc REFI 2.97%
- Aurora Cannabis Inc ACB 2.75%
- Canopy Growth Corp WEED 2.33%
- OrganiGram Holdings Inc OGI 1.32%
- High Tide Inc HITI 1.24%
MJ ETF closed on August 17th t at $3.04, down 4.14% in the last month’s trading. In this case, MJ ETF has a 52-week price range of $ 2.91-$6.635 and is down 28.65% year to date.
Investing In Marijuana ETFs In 2023
In general, in the dynamic realm of cannabis ETFs, strategic risk management remains paramount. While the industry’s potential is appealing, caution and diversification are required to reduce volatility. With a well-informed approach, investors may navigate the changing terrain and capitalize on long-term opportunities while limiting potential setbacks.
Overall, due diligence is becoming increasingly important as the cannabis industry evolves. Maintaining a stable investment trajectory may require balancing exposure to multiple industry areas and monitoring regulatory movements. Investors can best position themselves to benefit from the developing cannabis sector while efficiently managing associated risks by combining enthusiasm and prudence.
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