MJ may have historical significance as the first cannabis ETF, but that does not make it a successful investment. To begin with, I am skeptical of the large allocation to cigarette stocks. But, more crucially, I’m not sure MJ will be able to fully realize the cannabis industry’s development potential.
Here’s the problem. Almost all of the real cannabis operator stocks it owns are based in Canada. Tilray (TLRY), Canopy Growth (CGC), and Cronos (CRON) are all creating profit margins that are significantly lower than those of US companies like Trulieve (OTCQX:TCNNF) or Green Thumb Industries (OTCQX:GTBIF):
Is Yolo an excellent investment?
One of the greatest options for people looking to invest in the global cannabis market is the AdvisorShares Pure Cannabis ETF (YOLO). YOLO is unlike most cannabis ETFs, which purport to have worldwide exposure yet lack exposure in the United States. YOLO’s Canadian exposure management is unique, and it does not appear to place as much attention on market cap as its counterparts. When considering that the biggest opportunity is in the United States, I debate whether YOLO is the best option overall.
Is Michael Jackson being passively managed?
Tobacco stocks make up about 20% of MJ’s portfolio, which is managed passively. Pesticides, fertilizers, and plant feeds for the cannabis and tobacco industries are among the other assets in MJ’s portfolio.
What is the alternate harvest of marijuana?
The Prime Alternative Harvest Index, which is tracked by MJ, is aimed to assess the success of enterprises in the cannabis ecosystem that profit from global medicinal and recreational cannabis legalization activities.
- The first and largest ETF in the United States to focus on the worldwide cannabis market.
- Cannabis and THC-based medicines and treatments have a wide range of other applications, from epilepsy treatment to cancer treatment to non-opioid pain management.
- By 2025, the worldwide cannabis industry is predicted to increase at a rate of 23.9 percent, reaching $66.3 billion.
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How leveraged is the MJ ETF?
)— ETF Managers Group LLC (ETFMG), a leading thematic ETF issuer, today announced that the ETFMG 2x Daily Inverse Alternative Harvest ETF (NYSE Arca: MJIN) would begin trading on the New York Stock Exchange. MJIN is designed to achieve daily leveraged investment results that are two times the inverse (-2x) (or opposite) of the Prime Alternative Harvest Index, before fees and expenses, giving investors direct access to the global cannabis ecosystem and benefiting directly from widespread medicinal and recreational legalization initiatives.
Who manages the YOLO ETF?
Although you only have one life, your investment choices in cannabis appear to be limitless.
For example, last week saw the launch of the AdvisorShares Pure Cannabis ETF, an actively managed marijuana-themed exchange-traded fund with approximately $2.5 million in assets under management. The YOLO ETF, which is sponsored by BNY Mellon and holds shares of Canadian growers including as Aurora Cannabis and Canopy Growth, trades under the ticker YOLO.