06.27.2019

CANNABIS CORNER: Weed ETFs Emerging

06.27.2019

Holy smokes!

The cannabis market just expanded and exhaled.

And the result is not smoke but rather exchange-traded funds.

As the financial markets continue to embrace cannabis revolution, the first marijuana-backed securities (exchange traded funds) are coming to the market.

Global X has filed plans to bring a marijuana ETF that gives investors exposure to marijuana and marijuana-related stocks. The Global X Marijuana ETF will invest in the stocks and depositary receipts of companies that derive at least half of their revenue, operating income or assets from the marijuana industry, which is fairly widely defined in the standards set forth by the fund’s prospectus as a “value chain.”

The marijuana industry value chain encompasses companies that legally grow and distribute products that are sourced fro cannabis or industrial hemp; that provide financial services related to the industry such as insurance, property leasing and investments, etc.

The filing did not include a ticker, expense ratio or listing exchange.

According to the prospectus, companies that expect half of their revenue, operating income or assets to be related to the marijuana industry can also be included in the index, but their aggregate weight will be capped.

Currently, there are two marijuana-focused ETFs are currently already trading on U.S. exchanges – the $1.1 billion ETFMG Alternative Harvest ETF (MJ) and the recently launched $56 million AdvisorShares Pure Cannabis ETF (YOLO).

ETF.com reported that several other ETF providers are also looking to launch funds, including Amplify, Innovation Shares and Cambria.

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
#WomeninFinance #WIF #EuropeanFinance #FinanceCommunity

See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

3

We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


#WomeninFinance #WIF #financeindustry

Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

#WomeninFinance #Finance #WIF

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

#AIMarkets

Load More

Related articles

  1. Hemp is an emerging commodity.

  2. Daily Email Feature

    Nasdaq Expands Cannabis Data

    Insight product aims to meet increased demand for information from institutional investors.

  3. UK-based medicinal cannabis companies can be admitted to the Official List.

  4. Vote to move the measure to the Senate can come any time.

  5. This instrument is first backed by US cannabis companies.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA