AdvisorShares’ U.S. cannabis ETF launches right now

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

It is the firm’s second devoted cannabis investment approach right after 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 marketplace than the Canadian cannabis marketplace,” stated 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 organization stated.

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

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