Why Cannabis ETFs Are Flying High Again

Published on 1 May 2024 on etf.com via Yahoo Finance

Why Cannabis ETFs Are Flying High Again

Cannabis Investing Money

The U.S. Drug Enforcement Administration (DEA) proposed Tuesday to reclassify marijuana as a less dangerous drug.

The news lit up cannabis ETFs like the AdvisorShares Pure US Cannabis ETF (MSOS), which rocketed 25% higher on hopes of potential growth from broader legalization.

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NYSE.MSOS price evolution

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