Marijuana ETF Boosted by Altria, Cronos Cannabis Rumor

MarketsETF Trends

This article was originally published on ETFTrends.com.

The ETFMG Alternative Harvest ETF (NYSEArca: MJ) rallied Monday on news that tobacco giant Altria Group (NYSE: MO) is mulling an acquisition of Canadian cannabis firm Cronos Group Inc (CRON.TO). MJ tracks the Prime Alternative Harvest Index and Cronos is the fund’s largest holding at a weight of 9.50% as of Dec. 3rd, according to [...]

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