Tag: Alternative Harvest ETF

An Update on Cannabis Adoption in the U.S.

Illustrated green marijuana leaves

With more states considering legalizing cannabis, combined with the future uptick in sales from states such as New York and New Jersey that have recently legalized recreational cannabis, I expect that cannabis sales will continue to experience strong growth – I would be very surprised if U.S. cannabis sales do not breach the $20 billion… Read more »

New York Passes Bill to Legalize Adult-Use Cannabis

Illustrated green marijuana leaves

Following the script in more than a dozen other states, and after years of advocacy and several failed attempts, New York lawmakers have legalized adult-use marijuana, which is expected to create one of the largest markets in the country with projected revenues of nearly $2.5 billion. The Marijuana Regulation & Taxation Act permits adults 21… Read more »

ETFMG Alternative Harvest ETF (MJ®) Exceeds $1 Billion in AUM

ETFMG Alternative Harvest ETF (MJ®) Exceeds $1 Billion in Assets Under Management SUMMIT, N.J. – (December 9, 2020) – Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG®), announced today that the ETFMG Alternative Harvest ETF, better known as MJ®, has again joined the “billion-dollar club.” After less than 3 years of trading on the NYSE,… Read more »

Cannabis Industry Outlook

Join us for a one-hour webinar to discuss the growth outlook in the cannabis industry for the end of 2020 and beyond. Q&A to follow. Featured speaker: Jason Wilson, ETFMG Cannabis Research and Banking Expert Topics include: OUTLOOK: Cannabis industry sales and revenue growth continue to climb in 2020, while market valuations have pulled back… Read more »

20 Moments in Cannabis Innovation

About four years ago, given the changes that were occurring in the cannabis industry, ETFMG and its partners thought it made sense to bring an investment product to market that could provide investors with exposure to the global movement to legalize cannabis. As the global market grew, we worked on creating an investment objective that… Read more »

House Takes Step Toward Federal Validation of Marijuana

Insights MJ Q1 2019 Commentary

House Takes First Step Toward Federal Validation of the Marijuana Industry: Votes 321 to 103 to Pass the SAFE Banking Act In a showing of bipartisan support, the House of Congress voted 321 to 103 to pass the SAFE Banking Act.  Of those voting yes, 229 were Democrats and 91 were Republicans.  Unity amongst Democrats… Read more »

Investing in the Cannabis Ecosystem

On December 7th, 2018, Altria (NYSE: MO), one of the oldest and largest tobacco companies worldwide, announced their intent to purchase a $2.4 billion or 45% stake in Cannabis producer Cronos Group (Nasdaq: CRON) [1], thus opening the door for potentially greater investment in Cannabis by Big Tobacco.   This blockbuster deal came one year after… Read more »

ETFMG Alternative Harvest ETF (MJ) Declares Quarterly Dividend

Insights MJ 1 Year Anniversary

ETFMG Alternative Harvest ETF (MJ) Declares Quarterly Dividend SUMMIT, N.J.–(Friday, June 28, 2019) – MJ, The ETFMG Alternative Harvest ETF (NYSE Arca: MJ) has declared an approximate $6.5 million quarterly dividend which equates to $0.18 per share. The dividend will be paid July 3, 2019 to shareholders of record as of the close of business,… Read more »

ETFMG x SALT 2019 Recap

SALT 2019 ETFMG/Canopy Growth Corporation cocktail event Bruce Linton and Sam Masucci

SALT is a global thought leadership forum and capital introduction platform encompassing finance, technology and geopolitics. SALT connects investment capital with intellectual capital. SALT (or SkyBridge Alternatives) was founded in 2009 by SkyBridge, a global alternative investments firm. The flagship annual SALT Global conference, taking place in Las Vegas, brings together 2,000 of the world’s… Read more »

ETFMG & Canopy Growth to Host Exclusive Cannabis Innovator Event

ETFMG Canopy Growth Corporation SALT 2019 Cannabis Innovator Breakfast

ETFMG & Canopy Growth to Host Exclusive Cannabis Innovator Event at SALT 2019 SUMMIT, N.J. and SMITH FALLS, ON, April 25, 2019 – ETF Managers Group (ETFMG), the issuer behind the world’s largest cannabis ETF, MJ (NYSE: MJ), is partnering with Canopy Growth Corporation (NYSE: CGC), the world’s largest diversified cannabis and hemp company, to… Read more »