AdvisorShares Pure US Cannabis ETF MSOS

$MSOS thought this would move faster after decent earnings from 2 major companies.

$MSOS obviously rescheduling is going to happen…it’s just when. If we all hold, we will be rewarded when institutions and banks go to get in. Just stop selling, get in, stop trying to time the market, and hold until it goes x5 or higher

All the people talking about the large cash holding don’t understand how the fund works. To be an ETF through NYSE they cant buy the shares of these marijuana stocks directly, so they buy derivatives instead, and need to hold cash to back up the derivatives. If the derivatives were converted to stocks they’d have no cash left. if you add up the value of everything in their holdings page it is WAY over their assets under management - because if you add the cash you are double counting.

Hopefully that’ll change this year if new legislation is passed.