The Best Performing Cannabis ETFs for January 2024

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Summary

Another reason AdvisorShares Pure Cannabis ETF (YOLO) makes our list of the best cannabis ETFs for 2023 is its low price of $2.59 at the time of writing.ETFMG Alternative Harvest ETF (MJ)Next on our list of the best cannabis ETFs to buy now is the ETFMG Alternative Harvest ETF (MJ -0.96%). Unlike the pure US cannabis ETF option from AdvisorShares, the alternative AdvisorShares Pure Cannabis ETF combines pot stocks from the US and the global cannabis market. However, cannabis ETFs are also risky because their positions are usually determined by major assets from top cannabis companies or producers. Interestingly, the AdvisorShares Pure US Cannabis ETF (MSOS) is one of the best-performing ETFs under $10, with a current value of $6.75 at the time of writing.AdvisorShares Pure Cannabis ETF (YOLO)The AdvisorShares Pure Cannabis ETF (YOLO 0.00%) is another high-performing marijuana ETF from AdvisorShares. We’ve reviewed the five best cannabis ETFs this year to help you find investment options without hassles.

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With U.S. states like Arizona, Colorado, Massachusetts, and Washington regulating the use of marijuana for medical and recreational purposes, many cannabis companies are beginning to find their feet in the U.S. market. 

These cannabis-focused companies are famous for their pot stocks, but seasoned investors understand the importance of diversifying their capital using marijuana exchange-traded funds (ETFs). These investment options spread your funds across a basket of marijuana stocks.

At a time when analysts believe there’s a potential major regulatory change at the federal level, we review the best cannabis ETF options on...

Read the full article @ Marijuana Index