Marijuana ETF Reaches 10x Valuation in Less than a Year

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Excitement over cannabis stocks like Tilray ( TLRY ) and Canopy Growth Corporation ( CGC ) in recent days has caused the perfunctory price correction for the only cannabis-related ETF on the market- ETFMG Alternative Harvest ETF (NYSEArca: MJ), which has fallen 5.21% today, but is still trading at 10 times its valuation since December 2017 when it switched [...] Read more on ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article was provided by our partner Tom Lydon of etftrends.com.

This article appears in: Investing , ETFs
Referenced Symbols: TLRY , CGC

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