SUMMIT, N.J. – August 22, 2022 (Investorideas.com Newswire) ETF Mangers Group LLC (ETFMG(R)), a leading thematic ETF issuer, announced today that ETFMG Alternative Harvest ETF (NYSE Arca: MJ), the world’s first cannabis ETF, will complete its global portfolio by offering exposure to cannabis companies operating in the United States which include multi-state operators (MSOs) directly involved in the cultivation, production, marketing and distribution of cannabis or cannabis-related products.
“We are excited to offer our investors exposure to the global cannabis industry through MJ, the world’s largest global cannabis fund. ETFMG is proud to be the one-stop shop for those interested in investing in cannabis with a suite featuring 2X long, 2X short, US – only or global exposure,” said ETFMG CEO and Founder, Sam Masucci.
“With bipartisan support for federal cannabis reform at an all-time high, and with key senators open to supporting moderate reform measures separate from legislation that provides comprehensive federal legalization, we believed now was the right time to add exposure to plant-touching U.S. companies,” says Jason Wilson, ETFMG Cannabis Research and Banking Expert.”
The ETFMG U.S. Alternative Harvest ETF (NYSE Arca: MJUS) will continue to be available for investors who want pure play access to U.S. MSOs. The addition of this exposure to MJ gives investors the opportunity to access the complete global cannabis industry.
“As the world’s largest global cannabis fund, MJ is well positioned to directly benefit not only from on-going cannabis reform in the U.S., but from the growth in cannabis sales that are being driven by legalization initiatives occurring around the world, all of which are expected to result in global cannabis sales growing from approximately $28 billion in 2021 to over $61 billion in 2026,” says Jason Wilson, ETFMG Cannabis Research and Banking Expert.”
MJ(R) tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives.
ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds please visit www.etfmg.com or follow us on LinkedIn, Twitter @ETFMG, or YouTube.
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