Cannabis ETFs were blazing after Representative Nancy Mace (R-SC) tweeted that she plans to unveil a new bill that would legalize marijuana at the federal level. The bill would remove the plant from the list of federally controlled substances. While cannabis-related ETFs have been on a decline for much of the year, this news was enough to lift them by double digits last week. The U.S.-focused$ADVISORSHARES PURE US CANNABIS ETF(MSOS.US)$gained 14.0% in past week. The$ADVISORSHARES TRUST PURE CANNABIS ETF(YOLO.US)$and the$ETFMG Alternative Harvest ETF(MJ.US)$, which take a global approach, were up 12.8% and 10.9%, respectively. Cannabis-related ETFs shot higher after Joe Biden's nomination. Both he and Vice President Harris had stated they were in favor of policy reform. President Biden, however, has only backed medical legalization and decriminalization. The lack of movement on the issue after Biden took office brought these ETFs off their highs. But Mace’s bill, which would see marijuana regulated similarly to alcohol, could appeal to those on the right side of the aisle because it invokes states'rights. The proposed bill would also not call for the degree of regulation or taxation as prior legalization bills have, such as of that proposed by Senator Chuck Schumer. Several Options Available Here is a list of Marijuana ETF ranks by AUM, with MJ and MSOS being the largest, at over $1 billion in AUM each. Currently, the cheapest cannabis ETF is the$CAMBRIA ETF TRUST CANNABIS ETF(TOKE.US)$, with a 0.42% expense ratio. This is significantly lower than the average expense ratio of 0.71%. The low cost is especially notable when you consider that TOKE is active. Though it is 0.33% cheaper than the passive MJ, TOKE has underperformed by 4.1% year-to-date. Domestic or Global Legalization is not just a domestic issue. In fact, the U.S. has some of the most marijuana-friendly laws around the world. The substance remains illegal in much of the world. Though this suggests there is substantial growth ahead for global cannabis-related companies, current legalization talks in the U.S. are likely to benefit domestically focused ETFs such as MSOS the most. Source: ETF.com, ETF Managers Group
SpyderCall楼主 : @MindOverMatter
SpyderCall楼主 SpyderCall楼主: 看看吧,伙计...
我就是这样看待情况的。这次反弹非常强劲,所以我可能永远错了。
mizmo : 是的去吧。把所有大麻库存都卖入 Oblivion 然后马上把它从市场上撤出。失败者的心态
SpyderCall楼主 mizmo: 现在还不是做空的时候。查看第二段。涨势仍然强劲。
SpyderCall楼主 mizmo: 不过,当这种涨势失去动力时,我会考虑做空头头寸。
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