ETFMG Alternative Harvest ETF (NYSE:MJ), an exchange-traded fund specializing mainly in Canadian cannabis companies and ancillary marijuana businesses, will begin to include U.S.-based marijuana multistate operators.

“We are excited to offer our investors exposure to the global cannabis industry through MJ, the world’s largest global cannabis fund. ETFMG is proud to be the one-stop shop for those interested in investing in cannabis with a suite featuring 2X long, 2X short, US – only or global exposure,” said Sam Masucci, ETFMG founder and CEO.

The ETFMG U.S. Alternative Harvest ETF (NYSE:MJUS) will continue to be available for investors who want pure-play access to U.S. MSOs. The addition of this exposure to MJ gives investors the opportunity to access the complete global cannabis industry.

“As the world’s largest global cannabis fund, MJ is well positioned to directly benefit not only from ongoing cannabis reform in the U.S. but from the growth in cannabis sales that are being driven by legalization initiatives occurring around the world, all of which are expected to result in global cannabis sales growing from approximately $28 billion in 2021 to over $61 billion in 2026,” Wilson added.

To measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives was designed, MJ tracks the Prime Alternative Harvest Index.

"Through Aug. 20, Alternative Harvest had more than $422 million of assets under management and 42 holdings," according to its website.

The Alternative Harvest ETF trades on the NYSE Stock Exchange Arca as MJ.

Image by Benzinga