Tag: Cannabis

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 »

Essential Cannabis Panel

Register today! Join the MJ Expert panel on cannabis regulatory environment, covering COVID-19 relief, jobs, criminal justice reform, presidential candidates, veteran impact and industry unity. Featuring our partners in education Canopy Growth Corporation, Acreage Holdings and Cozen O’Connor. Powered by SALT Talks and Anthony Scaramucci. Host: Jason Wilson, Cannabis Banking and Research Expert, ETFMG/MJ Featured… 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 »

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 »