MJ - Will Marijuana's Biggest ETF Miss the Cannabis Rebound?
The cannabis industry has had an extremely tough couple of years. After seeing an upsurge in interest in 2018 as Canada went through the process of legalizing recreational marijuana, the reality of more open cannabis markets fell short of the hype. That sent shares of top stocks in the marijuana space sharply lower, and along with it, top marijuana ETF ETFMG Alternative Harvest (NYSEMKT: MJ) has lost more than 60% of its value over the past two years.
Recently, though, some marijuana stocks have started to perk up again . That's pushed shares of the Alternative Harvest ETF up 13% over the past month, but some investors fear that the cannabis-focused fund will never be able to claw back all of its losses. To understand why, you have to look at the stocks that have played the most important role in Alternative Harvest's returns and see whether they match up with the growing leaders of the cannabis industry.
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Will Marijuana's Biggest ETF Miss the Cannabis Rebound?