TCNNF - Top Cannabis ETFs To Watch In December
Are Cannabis ETFs Good Long-Term Investments?
Do you intend to invest for the long term in the top marijuana stocks ? At the present time, finding long-term investments with general stability may be challenging given the market volatility linked with the top cannabis stocks to watch right now.
The bulk of these top US marijuana stocks are not allowed to trade on significant US stock exchanges like the Nasdaq and NYSE due to current legal constraints. In general, they currently trade on OTC exchanges, which are harder for institutional investors and inexperienced retail investors to access. OTC stocks are avoided by both bigger investment firms and the fastest-growing retail trading platforms, such Robinhood Markets, Inc. ( NASDAQ: HOOD ) and WeBull. On the other hand, investing in some of these companies is simple with marijuana ETFs.
Investors have access to cannabis businesses that aren’t yet listed on well-known stock exchanges thanks to cannabis exchange-traded funds. A cannabis ETF often follows an index, industry, commodity, or other asset and trades on the stock exchange like a regular stock. In addition, by finding the best cannabis ETFs that include the companies you wish to invest in, you can invest in the whole cannabis market with just one stake. Let’s look at four of the top marijuana ETFs to watch in 2022 as the market climbs in November.
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Best Marijuana ETFs To Watch Before December
- AdvisorShares Pure US Cannabis ETF ( NYSEArca: MSOS )
- Amplify Growth Opportunities ETF ( NYSEArca: CNBS )
- AdvisorShares Pure Cannabis ETF ( NYSEArca: YOLO )
- ETFMG Alternative Harvest ETF ( NYSEArca: MJ )
The AdvisorShares Pure US Cannabis ETF (MSOS)
AdvisorShares Pure US Cannabis ETF is the first marijuana ETF in the United States, with over $1 billion in assets under management. The majority of the assets and holdings in this top marijuana ETF are cannabis businesses situated in the United States. The majority of the assets in the ETF are usually owned by vertically integrated multi-state US operators, well-known US cannabis REITs, CBD enterprises, corporations and firms, and hydroponic suppliers. Among the MSOS ETFs that are currently accessible are Trulieve Cannabis Corp. ( TCNNF ), Curaleaf Holdings, Inc. ( CURLF ), Green Thumb Industries Inc. ( OTC: GTBIF ), and Cresco Labs Inc. ( OTC: CRLBF ).
MSOS ETF closed at $12.02 on November 23 rd up 9.17% in the past month of trading. This ETF is down 53.03% year to date, with a 52-week price range of $8.70-$28.80. Currently, the MSOS ETF does not pay a dividend.
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Amplify Seymour Cannabis ETF (CNBS)
The Amplify Seymour Cannabis ETF gives investors exposure to the global cannabis sector by investing more than 80% of its assets in companies that earn from cannabis and hemp growing. Due to swaps, this cannabis ETF now has access to US MSOs. CNBS has sizeable investments in WM Technology, Inc. ( NASDAQ: MAPS ), Hydrofarm Holdings Group, Inc. ( NASDAQ: HYFM ), and AFC Gamma ( NASDAQ: AFCG ), Inc. as a result of the inclusion of US cannabis firms. It also holds GrowGeneration Corp. ( NASDAQ: GRWG ) and Tilray, Inc. ( NASDAQ: TLRY ).
On November 23 rd the CNBS ETF finished at $7.08 up 9.09% in the last month of trading. The ETF is down 49.89% year to date, with a 52-week price range of $5.75-$16.94. Amplify ETFs’ total assets under management surpassed $5 billion in 2021.
AdvisorShares Pure Cannabis ETF YOLO
AdvisorShares Pure Cannabis ETF, often known as YOLO ETF, is the market’s second most popular cannabis ETF. It invests for the long term in both domestic and foreign cannabis businesses. WM Technology, Inc. (MAPS), Canopy Growth Corporation ( NASDAQ: CGC ), Village Farms International, Inc. ( NASDAQ: VFF ), and Tilray Brands, Inc. are among the companies the ETF holds ( TLRY ). In general, investors would effectively have access to some of the most well-known cannabis companies in the US and Canada through this ETF.
YOLO ETF closed on November 23 rd at $5.11 up 9.39 in the past month of trading. Currently, the ETF has a 52-week range of $4.11-$15.54 and is down 60.69% year to date.
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ETFMG Alternative Harvest ETF (MJ)
One of the first and biggest exchange-traded funds with a concentration on cannabis was Alternative Harvest ETF (ETFs). The current net asset value of the MJ ETF is $386.32 million. One of the biggest cannabis ETFs in the world is still MJ, the first and only cannabis ETF with a U.S. listing that primarily targets the global cannabis market. The cannabis industry segments that are undergoing legal, medicinal, and merger and acquisition activity are exposed by investors in the MJ fund. In general, three of Canada’s biggest marijuana businesses, Tilray, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), and GrowGeneration Corp., are represented in the Alternative Harvest ETF ( NASDAQ: GRWG ). For long-term investors, the MJ ETF offers a dividend yield of roughly 1.75 percent.
MJ ETF closed on November 23rd at $5.66 up 14.34% in the last month’s trading. At the present time, MJ ETF has a 52-week price range of $4.54-$12.74 and is down 48.92% year to date.
Investing In Cannabis ETFs For 2023
Every investment involves some risk due to the present market’s volatility. By keeping an eye on cannabis ETFs’ market performance and current prospective industry catalysts, one can make money from the sector. Over the next five years, the cannabis market will more than double in size. One method to enter the bigger cannabis industry with a single trade is by investing in a marijuana ETF .