The cannabis sector is in poor shape, highlighted by Amplify’s decision to shut down its US Alternative Harvest ETF (MJUS). With just $65.85 million in assets and a 91% decline in value since 2021, the fund will cease trading on January 27 and liquidate on January 30. Despite holdings in top companies like Green Thumb and Curaleaf, the sector’s underperformance, including a 46% drop in 2024, underscores its struggles.
Source: https://thedeepdive.ca/amplify-to-shutter-cannabis-focused-us-alternative-harvest-etf/