Welcome to our dedicated page for Amplify Alternative Harvest ETF news (Ticker: MJ), a resource for investors and traders seeking the latest updates and insights on Amplify Alternative Harvest ETF stock.
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ETFMG has expanded its ETFMG Alternative Harvest ETF (MJ) to include multi-state operators in the U.S. cannabis sector, providing investors with comprehensive exposure to the global cannabis market. The ETF is positioned to benefit from increasing bipartisan support for cannabis reform and anticipated growth, with global cannabis sales projected to reach over $61 billion by 2026. The U.S. Alternative Harvest ETF (MJUS) remains for those seeking pure U.S. market investment.
ETFMG has launched its latest product, the ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN), for trading on the New York Stock Exchange. MJIN aims for -200% daily investment results of the Prime Alternative Harvest Index, allowing investors to bet against the performance of cannabis stocks. This fund complements ETFMG’s existing cannabis offerings, responding to increased investor interest and the need for short-term trading options in an expanding sector. However, risks remain due to regulatory uncertainties regarding cannabis.
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