AdvisorShares’ U.S. cannabis ETF launches now

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AdvisorShares Pure US Cannabis ETF, which claims to be the very first U.S.-listed active ETF to concentrate solely on American cannabis organizations, begins trading now.

It is the firm’s second devoted cannabis investment approach following AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO), which launched on April 18, 2019.

The new ETF trades below the symbol “MSOS” and will include things like multi-state operators in its holdings MSOs are U.S. organizations straight involved in the legal production and distribution of cannabis in states exactly where authorized.

“We think that the U.S. clearly represents the most eye-catching chance for cannabis investment and remains an exponentially bigger industry than the Canadian cannabis industry,” mentioned MSOS portfolio manager Dan Ahren, AdvisorShares chief operating officer.

MSOS seeks lengthy-term capital appreciation by investing totally in legal, domestic cannabis equity securities, the enterprise mentioned.

The ETF’s annual operating expenditures following charge waiver/expense reimbursement is .74%, according to MSOS’s prospectus.

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