AdvisorShares’ U.S. cannabis ETF launches right now

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

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

The new ETF trades beneath the symbol “MSOS” and will incorporate multi-state operators in its holdings MSOs are U.S. providers 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 desirable chance for cannabis investment and remains an exponentially bigger market place than the Canadian cannabis market place,” mentioned MSOS portfolio manager Dan Ahren, AdvisorShares chief operating officer.

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

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

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