MJUS - MJ: Over Diversified Cannabis ETF But Still A Solid Pick
2024-04-05 15:45:38 ET
Summary
- Amplify Alternative Harvest ETF offers diversified investments in Canadian cannabis stocks and U.S. multi-state operators.
- Catalysts such as a reduction in the Canadian excise tax, potential legalization in Florida, and U.S. cannabis rescheduling could benefit the cannabis sector and, thus, this ETF.
- The MM ETF is down 80% over the last 3 years, offering the ability to buy into the cannabis space at the lows.
Amplify Alternative Harvest ETF ( MJ ) was the first cannabis ETF to start trading. The exchange-traded fund covers investments in a wide swath of cannabis stocks, but diversity is possibly not the best option in the space. My investment thesis is Bullish on the upside of the ETF based on positive trends in the cannabis space, with multiple catalysts to legalization and reduced costs in the space for beaten-up stocks....
MJ: Over Diversified Cannabis ETF, But Still A Solid Pick