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Marijuana ETFs Up 40% YTD; U.S. Cannabis Sales Could Exceed $20 Billion In 2021

www.thestreet.com April 21, 2021

Marijuana ETFs Up 40% YTD; U.S. Cannabis Sales Could Exceed $20 Billion In 2021


While volatility has remained high throughout 2021, investors in cannabis ETFs have likely been pleased with their returns. For those who've been able to ride it out despite the significant pullback from February highs, investors are still sitting on year-to-date gains well into the double digits. Two of the larger ETFs in the space, the ETFMG Alternative Harvest ETF (MJ) and the Amplify Seymour Cannabis ETF (CNBS), are up more than 40% on the year, while a third, the Global X Cannabis ETF (POTX), has gained 36%.Marijuana ETF PerformanceThe one notable outlier here is the AdvisorShares Pure U.S. Cannabis ETF (MSOS). Being the only ETF in the bunch to focus solely on the United States cannabis market, I've favored it over the others given how the U.S. has lagged its world counterparts in marijuana acceptance and legalization. That makes it a prime candidate for above average growth potential, although that narrative has yet to play out this year.With the cannabis market...


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