Zero Fees, High Hopes: WEED ETF’s Strategy To Capitalize On Impending Cannabis Rescheduling
Roundhill Investments has announced a fee waiver for its Listed Funds Trust Roundhill Cannabis ETF (BATS:WEED). The ETF, which provides exposure to leading U.S. cannabis multi-state operators, will charge an all-in expense ratio of 0% until at least July 1, 2025.
WEED ETF Cuts Fees Amid Looming Rescheduling
Starting Monday July 1, the WEED ETF will drop its expense ratio from 40 basis points to zero, as per a filing submitted to the SEC last Thursday. This decision, aimed at capitalizing on the anticipated reclassification of cannabis to Schedule III supported by President Joe Biden. The rescheduling could potentially benefit the cannabis industry through reduced penalties and tax advantages, although it will not decriminalize cannabis.
Roundhill CEO Highlights Fee Waiver Impact
David Mazza, CEO of Roundhill Investments, emphasized …