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.
TickerFund NameExpense RatioAUM ($M)MJETFMG Alternative Harvest ETF0.75%$955YOLOAdvisorShares Pure Cannabis ETF0.74%$57THCXCannabis ETF0.70%$21TOKECambria Cannabis ETF0.42%$8CNBSAmplify Seymour Cannabis ETF0.75%$6POTXGlobal X Cannabis ETF0.50%N/A
