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In today’s Marijuana Market Update, I answer a reader question about AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) and compare it to a couple of other ETFs on the market.
About MSOS Cannabis ETF
Recently, Joe emailed me and asked:
What are your thoughts on MSOS? I saw that the ETF covers a range of cannabis stocks, some on your watchlist. I felt this a better use of capital instead of holding a larger number of stocks. Thank you for your time, Joe.
Thanks for your question, Joe. I’m happy to look into MSOS for you.
The exchange-traded fund (ETF), managed by AdvisorShares Trust, was created in September 2020. It invests in cannabis and hemp companies in the United States.
That’s where it differs from AdvisorShares Pure Cannabis ETF (NYSE: YOLO) — another AdvisorShares cannabis ETF.
YOLO invests in global cannabis companies, while MSOS only invests in companies listed in the U.S. However, only a small portion of YOLO’s holdings