Marijuana ETF Reaches 10x Valuation in Less than a Year

This article was originally published on ETFTrends.com.

Excitement over cannabis stocks like Tilray (TLRY) and Canopy Growth Corporation (CGC) in recent days has caused the perfunctory price correction for the only cannabis-related ETF on the market– ETFMG Alternative Harvest ETF (NYSEArca: MJ), which has fallen 5.21% today, but is still trading at 10 times its valuation since December 2017 when it switched [...]

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