AdvisorShares’ U.S. cannabis ETF launches now

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AdvisorShares Pure US Cannabis ETF, which claims to be the 1st U.S.-listed active ETF to concentrate solely on American cannabis firms, begins trading now.

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

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

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

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

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