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Marijuana ETF

Posted on 1/3/18 at 9:21 am
Posted by cajunandy
New Orleans
Member since Nov 2015
671 posts
Posted on 1/3/18 at 9:21 am
ETF Managers Trust ETFMG Alternative Harvest ETF symbol MJX is the first ETF for the cannabis sector. It is Rev Sharks pick of the week. Any thoughts, long -short?

Full disclosure I am long as of this am so yes I am talking up my book.

Posted by lsualum01
Member since Sep 2008
1755 posts
Posted on 1/3/18 at 10:27 am to
I bought Hmslf. It's been doing well. Up over 25% since purchase. The entire segment is doing well since the California legalization. Suposedly Canada will move towards legalization for recreational purposes in June.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11068 posts
Posted on 1/3/18 at 1:03 pm to
I'm thinking about adding MJX until I get a feel for what are profitable business plans in this space. I want exposure I just don't know in what capacity.
Posted by lsualum01
Member since Sep 2008
1755 posts
Posted on 1/3/18 at 3:46 pm to
To me the holdings of the hmlsf fund are better and pay a higher dividend than mjx. I'm no expert but take a look yourself and tell me what y'all think.
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 1/3/18 at 7:20 pm to
Anyone know the reasons for the Mexican holdings?
Posted by finchmeister08
Member since Mar 2011
35587 posts
Posted on 1/3/18 at 9:29 pm to
CBIS is up to $0.13. That’s $0.04 since Monday.
Posted by cajunandy
New Orleans
Member since Nov 2015
671 posts
Posted on 1/3/18 at 11:22 pm to
MJX started out as a Latin American Real estate ETF. (Tierra XP Latin America Real Estate ETF) Its objective was changed to what it is today.
Here is an article from Seeking Alpha that goes into more details.

MJX- Seeking Alpha
Posted by lsualum01
Member since Sep 2008
1755 posts
Posted on 1/3/18 at 11:34 pm to
Pretty much everything marijuana related is up. Much like it was a few years ago except this time around some of these companies actually have revenues. Hmlsf's holdings include the 3 major Canadian growers that account for about 50% of the licensed cultivation.
Posted by Statestreet
Gueydan
Member since Sep 2008
12919 posts
Posted on 1/4/18 at 9:43 am to
quote:

Pretty much everything marijuana related is up.


Not today Everything related with recreational use appears way down after Sessions announcement.

Buying opp?
Posted by finchmeister08
Member since Mar 2011
35587 posts
Posted on 1/4/18 at 10:04 am to
Just noticed that.
Posted by lsualum01
Member since Sep 2008
1755 posts
Posted on 1/4/18 at 12:33 pm to
Hmslf is mostly Canadian stocks. In reality the US AG's opinion doesn't matter much however it had some sell-off. If people bought it for the wrong reasons they are probably selling for the wrong reasons too. It has recovered pretty well from this morning. This could be a buying opportunity to get into some of the legitimate Canadian companies that are actually growing and generating revenue now.
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 1/16/18 at 8:43 pm to
Can you purchase these equities on scottrade? Hmslf is telling me invalid symbol.
Posted by Finch
Member since Jun 2015
3146 posts
Posted on 1/16/18 at 10:08 pm to
I would also like to buy this with my Ameritrade account
Posted by lsualum01
Member since Sep 2008
1755 posts
Posted on 1/16/18 at 10:23 pm to
I bought it on fidelity and I'm pretty sure I can get it on etrade as well. You do pay a premium though....like a 50 transaction fee, which didn't make a lot of sense to me since it is a cross listed otc stock.
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