Tag: Cannabis

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 »

MJ Commentary Q2 2019

Insights MJ Q1 2019 Commentary

Executive Summary The cannabis industry saw several notable developments during the second quarter of 2019. In April, the House Financial Services Committee voted to advance the Secure and Fair Enforcement(“SAFE”) Banking Act. If passed, the Act would effectively allow federally regulated banks to accept revenue from businesses profiting from the sales of cannabis. In the… Read more »

MJ Commentary Q1 2019

Executive Summary Regulatory Developments A vote to legalize recreational marijuana in New Jersey was called off after state lawmakers stated that they didn’t have enough votes to pass the new law. Nevertheless, top state politicians believe that a new vote could be scheduled before the state budget is set on June 30. In New Mexico,… Read more »

MJ Surpasses $1 Billion in Assets

Insights MJ 1 Year Anniversary

MJ – The ETFMG Alternative Harvest ETF Surpasses $1 Billion in Assets SUMMIT, N.J. – (Wednesday, February 6, 2019) – Thematic ETF Issuer, ETF Managers Group (ETFMG), is excited to announce that the ETFMG Alternative Harvest ETF, better known as MJ, has officially joined the “billion dollar club.” After less than 14 months of trading… Read more »