Listed Funds Trust Roundhill Cannabis ETF WEED shares are trading higher Tuesday amid continued momentum in the cannabis sector related to recent developments in the U.S. efforts to reschedule marijuana.
What To Know:
The broader cannabis sector has been moving higher since Aug. 31 when it was reported that the Department of Health and Human Services sent a letter to the DEA recommending the reclassification of marijuana from a Schedule I to Schedule III substance.
Shares of the Roundhill Cannabis ETF are moving higher on above-average trading volume. According to data from Benzinga Pro, more than 5,380 shares have already been traded in the session, compared to the ETF's 100-day average of 4,221 shares.
Related News: What's Going On With Aurora Cannabis Stock
WEED Price Action: According to Benzinga Pro, Roundhill Cannabis ETF shares are up 9.7% at $37.63 at the time of publication.
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