Don’t Miss These 2 Ways To Play The Hot Marijuana Stocks Industry

After soaring to all-time highs last month, exchange traded funds tracking cannabis stocks are coming back down to test a key support line…

And if they find support and stage a solid rebound off the 10-week moving average, that could set up a chance for investors to buy or add shares. But keep in mind: Market risk is high right now.

AdvisorShares Pure Cannabis (YOLO) is an actively managed ETF launched in April 2019. The $425.8 million fund invests in marijuana stocks across a wide range of industries, such as agriculture, biotech, pharmaceuticals, real estate and retail.

At the end of February, the U.S. accounted for about 61% of total assets. Canada weighed in at 29% and the U.K. 6%. Cash and a small position in Israel made up the rest.

Village Farms (VFF), GW Pharmaceuticals (GWPH), Aphria (APHA), Innovative Industrial Properties (IIPR) and Canopy Growth (CGC) were the top five holdings as of March 3.

Together, they represented nearly 52% of the 46-stock portfolio. Aphria leads with a 141% gain this year through Thursday’s close. The Canada-based company produces and sells medical cannabis and other products.

Drugmaker Soars, REIT Slips

GW Pharma, up 86%, is a U.K. biotech whose epilepsy treatment became the first cannabis-derived drug approved by the Food and Drug Administration. Jazz Pharmaceuticals‘ (JAZZ$7.2 billion acquisition of GW is expected to close this quarter.

Village Farms, a greenhouse grower of vegetables and hemp, is up 39%. Canadian pot producer Canopy Growth holds a…

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