Are New Marijuana ETFs Dead on Arrival?

Investors are still gravitating toward marijuana stocks, especially given their strong performance so far in 2019. With so many companies looking to cash in on the cannabis craze, those who want to pick individual stocks in the space have their work cut out for them as they try to sift out the winners from the wannabes.

Those who don’t want to rely on their stock-picking skills often look to exchange-traded funds for help, and the marijuana ETF universe is poised to expand rapidly. In addition to the first-mover ETFMG Alternative Harvest ETF (NYSEMKT:MJ) and the more recently launched AdvisorShares Pure Cannabis (NYSEMKT:YOLO), cannabis investors have a selection of funds from which to choose. Yet even though the more recent interest in marijuana ETFs from shareholders seems lackluster at best, other players in the ETF space are looking to stake their claim to

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