Cage-Fighter Sponsored by Pot ETF Issuer in Rare Marketing Move Heavyweight Alexey Oleynik wears ETFMG-branded training gear ‘You hit that group of Average Joe investors,’ executive says The issuer of the world’s largest pot ETF is embracing celebrities’ growing interest in cannabis, sponsoring a UFC fighter nicknamed the Boa Constrictor. In a highly unusual move […]
Pot ETFs Make Millions From Short Sellers for Year’s Best Gains Two largest cannabis funds have surged over 45 percent in 2019 Lending out shares in companies they own has boosted returns Exchange-traded funds that invest in cannabis companies are hitting the jackpot with a little help from short sellers. The two largest pot ETFs […]
Marijuana Fund Smokes Competition Amid Flurry Of Positive News The euphoric way people in the cannabis industry talk about this being the biggest growth opportunity of our lifetime leads many to believe these insiders are using a little too much of their own product. But a series of recent developments has given the industry more […]
‘Investing on Steroids’ Pays Off as Thematic ETFs Trounce Market For returns more than triple the stock market average so far this year, look no further than a quirky group of exchange-traded funds that bet on the latest investment fads. The top three performing U.S.-listed, non-leveraged ETFs this year are so-called thematic funds — or […]
Cannabis may be coming to a mall near you: rolling papers and CBD products go upscale Cannabis is not just going mainstream. It’s going upscale. The plant, whose species include hemp and marijuana, is showing up in luxe beauty products, sparking an array of glamorous accessories, and becoming the focus of Wall Street investors. Luxury […]
Canadian Pot ETF Retakes Billion-Dollar Mark on Stock Surge Assets in Horizons ETF hit C$1b for first time since Oct. 18 ETFMG exchange-traded fund passed $1 billion mark this week The New Year’s rally in pot stocks has sent assets in the first marijuana exchange-traded fund back above C$1 billion for the first time since […]
Drilling Down Into the Biggest Pot ETF – Bloomberg’s Eric Balchunas and Scarlet Fu break down the ETFMG Alternative Harvest ETF (ticker: MJ), and discuss the fund with Sam Masucci, the chief executive officer of the ETF Managers Group. MJ is the biggest marijuana ETF, and tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant. (Source: Bloomberg)
The first and only cannabis ETF listed in the U.S. | The ETFMG Alternative Harvest ETF, trading under the ticker MJ, is the first and only cannabis ETF listed in the U.S. Since inception in December, MJ is having a roller coast run, especially with the recent volatility around Canopy and Tilray, which are among MJ’s top holdings.
As Marijuana Goes Mainstream, Investors Rush In The cannabis industry is growing and, naturally, investors are taking notice. With 30 states and the District of Columbia having legalized the use of the drug for medicinal or recreational use, the stock prices of the companies that grow, process and sell marijuana have been rising. Late last […]
Here’s why one investor is way more comfortable with marijuana than bitcoin ETF Managers Group’s Alternative Harvest marijuana ETF has grown from about $5 million to $400 million in the past month. Founder and CEO Sam Masucci said the group diversified investments to mitigate risk, but thinks the American cannabis industry is here to stay. […]