<description>&lt;p&gt;A long-dormant trade is suddenly showing signs of life. Prices are climbing. Volumes are spiking. And in a corner of the market that&amp;rsquo;s spent years in the doldrums, one ETF is catching a fresh buzz &amp;mdash; thanks in part to the US Justice Department&amp;rsquo;s move in April to reclassify medical marijuana as a less dangerous drug.&lt;/p&gt; &lt;p&gt;On this episode of Trillions, Eric Balchunas and Joel Weber debut a new monthly segment spotlighting an ETF that&amp;rsquo;s having a moment. This time, Bloomberg Intelligence&amp;rsquo;s Andre Yapp joins to break down the AdvisorShares Pure US Cannabis ETF (MSOS). The only cannabis-focused ETF with more than $1 billion in assets, it uses swaps to access marijuana companies just as shifting tax rules begin to ease the industry&amp;rsquo;s burden. The setup looks promising&amp;mdash;but is this a real turning point, or just another short-lived high?&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

Trillions

Bloomberg

ETF of the Moment: A Budding Comeback for Cannabis

MAY 14, 202612 MIN
Trillions

ETF of the Moment: A Budding Comeback for Cannabis

MAY 14, 202612 MIN

Description

A long-dormant trade is suddenly showing signs of life. Prices are climbing. Volumes are spiking. And in a corner of the market that’s spent years in the doldrums, one ETF is catching a fresh buzz — thanks in part to the US Justice Department’s move in April to reclassify medical marijuana as a less dangerous drug. On this episode of Trillions, Eric Balchunas and Joel Weber debut a new monthly segment spotlighting an ETF that’s having a moment. This time, Bloomberg Intelligence’s Andre Yapp joins to break down the AdvisorShares Pure US Cannabis ETF (MSOS). The only cannabis-focused ETF with more than $1 billion in assets, it uses swaps to access marijuana companies just as shifting tax rules begin to ease the industry’s burden. The setup looks promising—but is this a real turning point, or just another short-lived high?See omnystudio.com/listener for privacy information.