Global X lists marijuana ETF, the fifth this year

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
THCX Cannabis ETF 0.70% $21
TOKE Cambria Cannabis ETF 0.42% $8
CNBS Amplify Seymour Cannabis ET 0.75% $6
POTX Global X Cannabis ETF 0.50% N/A

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