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AdvisorShares Pure Cannabis ETF
As of May 30, 2026 at 09:50 UTC
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About AdvisorShares Pure Cannabis ETF
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Latest News
5 articlesThe Justice Department reclassified state-licensed marijuana from Schedule I to Schedule III, with a June hearing planned for recreational marijuana reclassification. This follows President Trump's executive order to downgrade cannabis to a less restrictive category. The move could ease the cannabis industry's banking access and tax burden issues, potentially increasing demand and state legalization efforts.
Florida's cannabis legalization campaign for Amendment 3 has been record-breaking, raising over $100 million. However, the campaign has faced lawsuits from Trulieve and a state senator, which the panelists view as a PR strategy to discredit false narratives.
The Department of Justice (DOJ) move to reclassifying cannabis from Schedule I to Schedule III provoked a noticeable uptick in cannabis market activities, as detailed in the latest industry report by Water Tower Research (WTR). Cannabis ETFs Surge Ahead Of Rescheduling Announcement According to WTR's report, the U.S. cannabis AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) rose by 2.89% last week, following $13.3 million in inflows, a spike that notably preceded the DOJ’s announcement. The global AdvisorShares Pure Cannabis ETF (NYSE:YOLO) also saw gains, climbing 3.77%. The proposed policy change, aimed at acknowledging the lesser potential for abuse compared to other controlled substances, has initiated a 60-day comment period, setting the stage for final rule enactment before the Democratic National Convention on August 19. Stay ahead in the cannabis industry’s news and views by joining industry leaders and experts at the upcoming Benzinga Cannabis Capital Conference in Chicago ...Full story available on Benzinga.com