In this article, we discuss 5 cannabis ETFs to explore. If you want to read our detailed discussion on the cannabis industry, head over to Navigating Regulatory Changes: 10 Cannabis ETFs To Explore.
5. Amplify U.S. Alternative Harvest ETF (NYSE:MJUS)
5-Year Share Price Performance as of March 22: -78.51%
Ranking 5th on our list of the best cannabis ETFs is the Amplify U.S. Alternative Harvest ETF (NYSE:MJUS). It is an actively managed ETF focused on achieving long-term capital growth by investing primarily in securities of US companies involved in the cannabis industry, as typically represented in the Prime U.S. Alternative Harvest Index. The ETF was established on May 12, 2021. As of March 22, 2024, Amplify U.S. Alternative Harvest ETF (NYSE:MJUS) manages net assets worth $125.07 million, featuring an expense ratio of 0.75%. Its portfolio comprises 22 stocks.
Verano Holdings Corp. (OTC:VRNOF) is one of the top holdings of the Amplify U.S. Alternative Harvest ETF (NYSE:MJUS). The company functions as a fully integrated cannabis operator in the United States. On February 29, Verano Holdings Corp. (OTC:VRNOF) reported a Q4 gross profit of $118 million. Its revenue for the quarter came in at $237.2 million, outperforming market estimates by $3.17 million.
4. Amplify Seymour Cannabis ETF (NYSE:CNBS)
5-Year Share Price Performance as of March 22: -77.20%
The Amplify Seymour Cannabis ETF (NYSE:CNBS) aims to achieve capital appreciation by investing in the global cannabis industry. It is one of the best cannabis ETFs. Managed by Tim Seymour, a well-known figure and experienced investor in the cannabis sector, the ETF was launched on July 23, 2019. As of March 22, 2024, the fund’s net assets amount to $35.72 million, with a net expense ratio of 0.77%. Its portfolio comprises 31 stocks.
Trulieve Cannabis Corp. (OTC:TCNNF) is the largest holding of the Amplify Seymour Cannabis ETF (NYSE:CNBS). The company grows, processes, and manufactures cannabis products, distributing them to dispensaries and through home delivery. On February 29, Trulieve Cannabis Corp. (OTC:TCNNF) reported a Q4 non-GAAP EPS of -$0.12 and a revenue of $287 million, outperforming Wall Street estimates by $0.01 and $19.03 million, respectively.
3. Cambria Cannabis ETF (BATS:TOKE)
5-Year Share Price Performance as of March 22: -74.95%
Ranked 3rd on our list of the best cannabis ETFs, the Cambria Cannabis ETF (BATS:TOKE) invests in companies with different market capitalizations and provides exposure to the broader cannabis industry. The fund aims to invest in around 20 to 50 of the leading cannabis companies worldwide. Launched on July 25, 2019, the ETF holds net assets totaling $10.42 million as of March 22, 2024, and offers a net expense ratio of 0.42%. Its portfolio consists of 29 stocks.
Constellation Brands, Inc. (NYSE:STZ) is one of the largest holdings of the Cambria Cannabis ETF (BATS:TOKE). Constellation Brands, Inc. (NYSE:STZ) is involved in the production, importation, marketing, and sale of beer, wine, and spirits across different countries. On February 6, Constellation Brands, Inc. (NYSE:STZ) declared a $0.89 per share quarterly dividend. It was paid on February 22.
According to Insider Monkey’s fourth quarter database, 53 hedge funds were bullish on Constellation Brands, Inc. (NYSE:STZ), up from 50 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the largest position holder in the company, with 1.41 million shares valued at $340.41 million.
2. AdvisorShares Pure US Cannabis ETF (NYSE:MSOS)
5-Year Share Price Performance as of March 22: -59.53%
The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) is one of the best cannabis ETFs. It is the first actively managed ETF that focuses solely on US companies in the cannabis industry, including multi-state operators. It was launched on September 1, 2020. As of March 22, 2024, the fund manages assets worth $1.05 billion, holding a portfolio of 25 stocks. The management fee for AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) is 0.60%.
Green Thumb Industries Inc. (OTC:GTBIF) is the top holding of the AdvisorShares Pure US Cannabis ETF (NYSE:MSOS). The company is involved in the production, distribution, marketing, and sale of cannabis products for both medical and adult use in the United States. On February 28, Green Thumb Industries Inc. (OTC:GTBIF) announced a Q4 GAAP EPS of $0.01, falling short of market consensus by $0.04, and a revenue of $278.23 million, beating estimates by $9.86 million.
1. Subversive Cannabis ETF (BATS:LGLZ)
5-Year Share Price Performance as of March 22: 4.89%
The Subversive Cannabis ETF (BATS:LGLZ) is an actively managed fund that focuses on investing in companies poised to benefit from the growth of the legal marijuana industry. It is one of the best cannabis ETFs. Introduced on September 19, 2023, the ETF’s net assets as of March 22, 2024, amount to $578,065, featuring an expense ratio of 0.75%.
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