Through boom and burst of the cannabis equity cycle, two things became abundantly clear: multi-state operators (MSOs) often outperformed their Canadian rivals and accessing MSOs through most New York-listed marijuana exchange-traded funds was difficult.
What Happened: Accessing cannabis MSOs via the ETF wrapper will soon get easier because AdvisorShares is launching the AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) on Sept. 2.
This isn’t AdvisorShares’ first rodeo with marijuana ETFs. The issuer sponsors the AdvisorShares Vice ETF (NASDAQ: ACT), which features some cannabis equity exposure, and the AdvisorShares Pure Cannabis ETF (NYSE: YOLO), the first dedicated actively managed weed ETF.
YOLO features some synthetic exposure to domestic MSOs. Dan Ahrens, …