Navigating Regulatory Changes: 5 Cannabis ETFs To Explore

In this article, we discuss 5 cannabis ETFs to explore. If you want to read our detailed discussion on the cannabis industry, head over to Navigating Regulatory Changes: 10 Cannabis ETFs To Explore.

5. Amplify U.S. Alternative Harvest ETF (NYSE:MJUS)

5-Year Share Price Performance as of March 22: -78.51%

Ranking 5th on our list of the best cannabis ETFs is the Amplify U.S. Alternative Harvest ETF (NYSE:MJUS). It is an actively managed ETF focused on achieving long-term capital growth by investing primarily in securities of US companies involved in the cannabis industry, as typically represented in the Prime U.S. Alternative Harvest Index. The ETF was established on May 12, 2021. As of March 22, 2024, Amplify U.S. Alternative Harvest ETF (NYSE:MJUS) manages net assets worth $125.07 million, featuring an expense ratio of 0.75%. Its portfolio comprises 22 stocks.

Verano Holdings Corp. (OTC:VRNOF) is one of the top holdings of the Amplify U.S. Alternative Harvest ETF (NYSE:MJUS). The company functions as a fully integrated cannabis operator in the United States. On February 29, Verano Holdings Corp. (OTC:VRNOF) reported a Q4 gross profit of $118 million. Its revenue for the quarter came in at $237.2 million, outperforming market estimates by $3.17 million.