Global X is joining the marijuana ETF listing frenzy, becoming the fifth American provider to list a weed tracker since June. The Global X Cannabis ETF (POTX) will invest in companies that make 50% of their money from an extremely loosely defined cannabis industry.
This definition includes companies at every point of the Cannabis “value chain”; includes companies providing cannabis “related” products and services; and includes companies the index provider “expects” will one day make 50% of their money in these fields.
Only Australian, Canadian and American companies subject to de minimis size and liquidity requirements are eligible. The fund charges 0.50% and joins a rapidly crowding market.
|Ticker||Fund Name||Expense Ratio||AUM ($M)|
|MJ||ETFMG Alternative Harvest ETF||0.75%||$955|
|YOLO||AdvisorShares Pure Cannabis ETF||0.74%||$57|
|TOKE||Cambria Cannabis ETF||0.42%||$8|
|CNBS||Amplify Seymour Cannabis ET||0.75%||$6|
|POTX||Global X Cannabis ETF||0.50%||N/A|