by Fred Fuld III
If you think that marijuana is a growth industry and you aren’t sure which is the best cannabis stock to invest in, you have an alternative. Or maybe you are looking for an easy way to play the tax loss pot stocks.
The alternative is investing or trading a cannabis ETF, of which there are several.
The largest one by market cap and volume is the ETFMG Alternative Harvest ETF (MJ), which also happens to be the oldest, founded in 2015. The ETF has an expense ratio of 0.75% and pays a high yield (no pun intended) of 4.99%. Its two largest holdings are GW Pharmaceuticals (GWPH) and Cronos (CRON).
The other cannabis related ETF that pays a yield is the AdvisorShares Vice ETF (ACT), however, marijuana stocks make up a limited amount of the portfolio as it also invests in alcohol and tobacco companies. It pays a yield of 1.56%.
A purer play is the AdvisorShares Pure Cannabis ETF (YOLO), which was founded this year. Its largest holding is Village Farms International (VFF) and the second largest is Innovative Industrial Properties (IIPR).
The following is a list of all the major cannabis ETFs.
| Fund Name | Symbol | Expense Ratio | Yield | Founded | Largest Holding | 2nd Largest Holding |
| AdvisorShares Pure Cannabis ETF | YOLO | 0.74% | 2019 | VFF | IIPR | |
| AdvisorShares Vice ETF | ACT | 0.99% | 1.56% | 2017 | TMO | ABT |
| Amplify Seymour Cannabis ETF | CNBS | 0.75% | 2019 | GWPH | CGC | |
| Cambria Cannabis ETF | TOKE | 0.42% | 2019 | MEDIF | GWPH | |
| ETFMG Alternative Harvest ETF | MJ | 0.75% | 4.99% | 2015 | GWPH | CRON |
| Global X Cannabis ETF | POTX | 0.50% | 2019 | GWPH | APHA | |
| The Cannabis ETF | THCX | 0.70% | 2019 | MEDIF | GWPH |
Let’s hope your portfolio gets high with one of these ETFs.
Disclosure: Author didn’t own any of the above at the time the article was written.