Advisorshares Pure Cannabis Etf Stock Discussion

$Tilray Brands (TLRY.US)$
Long-Term Downtrend
Based on the long-term trend, I feel like we might see a good short opportunity in pot stocks soon. Of course, I could be wrong, and the bottom in pot stock could have already been printed. Personally, I will need to see a little more upside before I can be confident.
Strong Short-Term Rally
So far, things are looking good, and this rally is showing no signs of slowing down. Aside from being overbought, there is no...

this stock rocks Trust me $Advisorshares Pure Cannabis Etf (YOLO.US)$

$Aurora Cannabis (ACB.US)$ $Canopy Growth (CGC.US)$ $SNDL Inc (SNDL.US)$ $Cronos Group Inc (CRON.CA)$ $Village Farms International (VFF.US)$ $Global X Fds Cannabis Etf (POTX.US)$ $Advisorshares Pure Cannabis Etf (YOLO.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $WEED INC (BUDZ.US)$ $Marijuana Company of America, Inc. (MCOA.US)$
The House of Representatives passed the marijuana decriminalization bill. It is now up to th...

Marijuana stocks had great performance yesterday and in after hours trading.
$SNDL Inc (SNDL.US)$  $Tilray Brands (TLRY.US)$  $Canopy Growth (CGC.US)$  $Cronos Group (CRON.US)$  $Aurora Cannabis (ACB.US)$  $Global X Fds Cannabis Etf (POTX.US)$  $HEXO Corp (HEXO.US)$  $Neptune Wellness Solutions (NEPT.US)$  $Advisorshares Pure Cannabis Etf (YOLO.US)$  $GrowGeneration (GRWG.US)$  $OrganiGram (OGI.US)$ 
Chinese equities took a beating over night.
$Alibaba (BABA.US)$  $DiDi Global (Delisted) (DIDI.US)$ ...

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 $Advisorshares Trust Pure Us Cannabis Etf (MSOS.US)$ gained 14.0% in past week. The $Advisorshares Pure Cannabis Etf (YOLO.US)$ 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 $Cambria Cannabis Etf (TOKE.US)$, 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