SUMMIT, N.J.–(BUSINESS WIRE)–ETF Managers Group (ETFMG®), main exchange-traded fund issuer who introduced traders MJ, the primary U.S. listed and world’s largest international cannabis ETF, introduced that the ETFMG U.S. Alternative Harvest ETF (NYSE Arca: MJUS) will start buying and selling at this time on the New York Stock Exchange. MJUS provides traders publicity to cannabis corporations working within the United States, together with multi-state operators (MSOs) straight concerned within the cultivation, manufacturing, advertising and marketing and distribution of cannabis or cannabis-related merchandise.
MJUS is ETFMG’s second cannabis funding providing, becoming a member of the extremely profitable ETFMG Alternative Harvest ETF (NYSE Arca: MJ). MJ, which debuted in December 2017, has develop into a proxy for U.S. traders seeking to spend money on international cannabis with practically $1.7B property underneath administration.1
Currently, U.S. cannabis single and multi-state operators are solely out there to traders by second-tier, international exchanges, which aren’t broadly accessible by U.S. brokerages. MJUS’s distinctive funding technique rivals that of its opponents by providing traders a approach to profit from the continued progress of the U.S. cannabis business and the main corporations straight concerned in U.S. cannabis-related actions.
“We are especially proud to be bringing yet another cannabis product to investors, specifically an ETF that captures one of the greatest untapped areas of growth potential in the industry,” says Sam Masucci, Founder and CEO of ETFMG.
As the most important cannabis market globally, authorized cannabis gross sales within the U.S. exceeded $17.5 billion in 2020, representing a 46% enhance over 2019’s $12.1 billion of gross sales.2 With a number of elements driving progress within the U.S., together with extra states legalizing cannabis and extra shoppers coming into the market in present authorized markets, the speedy growth of the U.S. cannabis business is anticipated to proceed and finally generate $85 billion in gross sales by 2030.3
“With voter support for federal legalization initiatives at an all-time high, combined with the positive economic impact cannabis legalization would provide through job creation and increased tax revenues, it is widely anticipated that the current administration will pass federal legislation providing meaningful cannabis reform, which would greatly benefit existing U.S. cannabis related businesses,” says Jason Wilson, ETFMG Cannabis Research and Banking Expert.
MJUS seeks to realize its funding goal by investing in cannabis corporations throughout the Prime U.S. Alternative Harvest Index that derive no less than 50% of their internet income within the United States and in derivatives which have financial traits much like such securities.
For extra data on MJUS, go to: www.etfmg.com/MJUS
ETFMG is a supplier of exchange-traded funds (ETFs), based in 2014 with a imaginative and prescient of growing modern thematic ETFs that present traders distinctive publicity to new markets. Today, the ETFMG fund line up offers entry to a various assortment of world themes and is comprised of 75% first-to-market merchandise. We flip portfolio administration methods into profitable ETFs by partnering with market section specialists to carry long-term progress alternatives to traders. ETFMG funds are proof as to the facility of the ETF wrapper and that thematic merchandise can have a spot in traders’ portfolios. To be taught extra about ETFMG and our portfolio of trade traded funds please go to www.etfmg.com.
Carefully think about the Fund’s funding targets, danger elements, costs and bills earlier than investing. This and extra data may be discovered within the Fund’s statutory and abstract prospectus, which can be obtained by calling 1-844-383-6477, or by visiting www.etfmg.com/MJUS. Read the prospectus rigorously earlier than investing.
Investing includes danger, together with the attainable lack of principal. Shares of any ETF are purchased and offered at market worth (not NAV), could commerce at a reduction or premium to NAV and are usually not individually redeemed from the Fund. Brokerage commissions will scale back returns. Narrowly centered investments usually exhibit larger volatility. The possession and use of marijuana, even for medical functions, is unlawful underneath federal and sure states’ legal guidelines, which can negatively influence the worth of the Fund’s investments. Use of marijuana is regulated by each the federal authorities and state governments, and state and federal legal guidelines concerning marijuana usually battle. Even in these states wherein using marijuana has been legalized, its possession and use stays a violation of federal regulation. Federal regulation criminalizing using marijuana pre-empts state legal guidelines that legalizes its use for medicinal and leisure functions. Cannabis corporations and pharmaceutical corporations could by no means be capable to legally produce and promote merchandise within the United States or different nationwide or native jurisdictions.
The Fund’s investments might be concentrated in an business or group of industries to the extent that the Index is so concentrated. In such occasion, the worth of the Fund’s shares could rise and fall greater than the worth of shares of a fund that invests in securities of corporations in a broader vary of industries. The client staples sector could also be affected by the permissibility of utilizing numerous product parts and manufacturing strategies, advertising and marketing campaigns and different elements affecting client demand. Tobacco corporations, particularly, could also be adversely affected by new legal guidelines, laws and litigation. The client staples sector might also be adversely affected by modifications or developments in commodity costs, which can be influenced or characterised by unpredictable elements.
ETF Managers Group LLC is the funding adviser to the Fund.
The Fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG just isn’t affiliated with Prime Indexes.
The Fund is meant to be made out there solely to U.S. residents. Under no circumstances is any data offered on this web site meant for distribution to or use by, or to be a suggestion to promote to or solicitation of a suggestion to purchase the Fund or any funding services or products of, any particular person or entity in any jurisdiction or nation, aside from the United States, the place such distribution, use, provide or solicitation would topic the Fund or its associates to any registration requirement or be illegal underneath the securities legal guidelines of that jurisdiction or nation.
- MJ’s property underneath administration as of 5/12/21.
- BDSA Reports Global Cannabis Sales Exceeded $21 Billion in 2020; Forecasts $55.9 Billion by 2026
- Cowen: Themes 2020/Cannabis