Navigating Regulatory Changes: 5 Cannabis ETFs To Explore

4. Amplify Seymour Cannabis ETF (NYSE:CNBS)

5-Year Share Price Performance as of March 22: -77.20%

The Amplify Seymour Cannabis ETF (NYSE:CNBS) aims to achieve capital appreciation by investing in the global cannabis industry. It is one of the best cannabis ETFs. Managed by Tim Seymour, a well-known figure and experienced investor in the cannabis sector, the ETF was launched on July 23, 2019. As of March 22, 2024, the fund’s net assets amount to $35.72 million, with a net expense ratio of 0.77%. Its portfolio comprises 31 stocks.

Trulieve Cannabis Corp. (OTC:TCNNF) is the largest holding of the Amplify Seymour Cannabis ETF (NYSE:CNBS). The company grows, processes, and manufactures cannabis products, distributing them to dispensaries and through home delivery. On February 29, Trulieve Cannabis Corp. (OTC:TCNNF) reported a Q4 non-GAAP EPS of -$0.12 and a revenue of $287 million, outperforming Wall Street estimates by $0.01 and $19.03 million, respectively.