MSOS - Cannabis investors might see another ETF join the space

There is some news in the cannabis ETF world; today, a small mutual fund by Foothill Capital Management is looking to enter the world of exchange traded funds.Foothill Capital Management has filed paperwork to convert its Cannabis Growth Fund (CANNX) into an ETF.Interestingly, this fund only has $7.4m under management, which is nowhere near the likes of Alternative Harvest ETF (MJ), which has $1.85b under management. However, over the past six months during the cannabis surge, CANNX has steadily outperformed MJ.CANNX is +138.61% over 6M, while MJ is +113.46% over 6M. See below a chart for visual representation along with a comparison to the S&P 500.The transition would not only be interesting for the cannabis sector but also to the ETF world as well. This would be another converted mutual fund entering the over $7t global exchange traded fund spectrum.See how other notable cannabis ETFs closed out in Thursdays trading session. Alternative Harvest ETF (MJ) -2.95%, Global X Cannabis

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Cannabis investors might see another ETF join the space