Roundhill Investments has launched the Roundhill Cannabis ETF (“WEED ETF”) on the Cboe BZX Exchange. The WEED ETF seeks to expose investors to a growing global cannabis sector, including U.S. multi-state operators (“MSOs”).
“While publicly-listed cannabis companies have recently underperformed, we believe that the cannabis market may be entering an inflection point in terms of both profitability and regulatory momentum. We wanted to provide investors with a comprehensive vehicle to invest in the space, and at a net expense ratio of only 0.59%*, we believe that WEED has the potential to become the benchmark for the entire sector. WEED allows for U.S. retail and institutional investors to gain exposure to U.S. operators, potentially in advance of positive legislation.” – Roundhill CEO Will Hershey