Cannabis Sector ETFs Continue to Struggle

This is a copy of the August 18th edition of our weekly Newsletter, which we have been publishing since October 2015.

Friends,

We have been very cautious on Cannabis exchange-traded funds, and the recent shockingly inept rebalancing on August 9th by ETF Managers Group Alternative Harvest ETF (MJ) raises our concerns even further. We wonder who in their right mind sells more than the average daily volume as the market is closing, especially on a Friday in the summer.

With the exception of just the large MJ and the Horizons HMMJ, no other ETFs have come even close to reaching critical mass. With the proliferation of new ETFs, it’s likely going to make it increasingly difficult to do so. Take for example The Cannabis ETF, (THCX). The fund advised by and promoted by the CNBC regulars, brothers Jon and Pete Najarian. While

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