Say Hello to the Very First Marijuana ETF You Can Buy in the U.S.

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Say Hello to the Very First Marijuana ETF You Can Buy in the U.S.

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Say hello to the very first marijuana ETF for the U.S.

As reported by CNBC, on Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF. This ETF will mimic an index as closely as possible that tracks cannabis cultivators, producers and distributors, cannabinoid drugmakers, fertilizer producers, and tobacco companies.

But there’s an interesting catch behind its “inception.” The Alternative Agroscience ETF won’t really be a new ETF at all.

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