AdvisorShares MSOS Climbs 8% As Cannabis Rescheduling Sparks Investor Interest
As the U.S. cannabis industry expects significant regulatory changes, AdvisorShares, a leading provider of cannabis-focused Exchange-Traded Funds (ETFs), shared the company’s view regarding the near future.
Managing over $1 billion in assets, the company’s ETFs offer targeted exposure to U.S. multi-state operators (MSOs), providing opportunities for exposure to a market that’s been quite a rollercoaster ride over the last several years but might finally find some ground for sustainable growth.
“Cannabis continues to gain mainstream acceptance,” Dan Ahrens, managing director at AdvisorShares, said in a recent statement. “And we believe elections and reforms are setting the stage for growth.”
AdvisorShares offers three investment funds: the flagship ETF, MSOS (NYSE:MSOS), focuses on U.S. cannabis companies, while MSOX (NYSE:MSOX), designed for more experienced traders, offers leveraged exposure.
YOLO (NYSE:YOLO) blends U.S. cannabis exposure with global equities.
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