Cannabis ETF MJ Breaks Out 大麻ETF MJ 突破

Cannabis stocks are rallying on the potential Democrat sweep of the Georgia senators run-off election.This raises investors hope of nationwide decriminalization using pot.  Cannabis stocks are rallying hard today with CGC +16.01% to 31.34, CRON +19.34% to 8.97, TLRY +24.52% to 11.89, and HEXO +19.19% to 4.92. Followings are some recent cannabis related news:

。Cannabis stocks are witnessing the dawn of their second boom after Joe Biden’s presidential victory. Democratic Vice-presidential candidate Sen. Kamala Harris said during the vice presidential debate :“We will decriminalize marijuana, and we will expunge the records of those how have been convicted of marijuana.” This should benefit cannabis stocks. 

。Canada has legalize marijuanna use for the entire country in 2018. In the US, following are the 15 states, plus Washington, DC, that have legalized recreational weed—and medical marijuana, as well: Alaska, Arizona, California, Colorado, DC, Illinois, Maine, Massachusette, Michigan, Montana, New Jersey , Nevada, Oregon, South Dakota, Vermont and Washington. More states are likely to join this list.

Instead of buying individual cannabis stocks, one can ride the cannabis stock rally by buying a ETF. This can avoid individual stock risks. The ETF of interest is MJ. MJ is up nearly 18% today. Its weekly chart is immaculate. It has both the bullish Double Bottom and Cup and Handle breakout formations. MJ's immediate upside target is 20 while longer term target is 23. 

ETFMG Alternative Harvest ETF (MJ 16.52+15.12%)

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index. The fund will invest at least 80% of its total assets, exclusive of collateral held from securities lending, in the component securities of the index and in ADRs and GDRs based on the component securities in the index. The index is concentrated in the Pharmaceuticals, Biotechnology and Life Sciences group of industries and tracks the performance of the exchange-listed common stock (or corresponding ADRs or GDRs) of companies across the globe. The fund is non-diversified.  The 10 largest hold inside MJ are APHA, GWPH, WEED, ACB, CRON, TLRY, GWRG, VFF, HEXO and CWEB, combined they represent 64.48% of the total assets.

大麻股票在民主党潜在的席卷乔治亚州参议员选举中大升，这增加了投资者对使用大麻进行全国性非刑事化的希望。大麻股票今天强劲上涨，CGC + 11.58％至30.17，CRON + 15.03％至8.65，TLRY + 13.25％至11.85，HEXO + 13.01％至4.69。以下是一些最近与大麻有关的新闻：

。在乔·拜登（Joe Biden）总统获胜之后，大麻股票见证了第二次繁荣的曙光。民主党副总统候选人参议员卡玛拉·哈里斯（Kamala Harris）在副总统辩论中说：“我们将使大麻合法化，并删除那些被判犯有大麻罪的记录。”这将使大麻股票受益。

。加拿大已于2018年将大麻在全国使用合法化。在美国，以下15个州以及休闲大麻和医用大麻也已合法化的华盛顿特区：阿拉斯加，亚利桑那州，加利福尼亚州，科罗拉多州的哥伦比亚特区，伊利诺伊州，缅因州，马萨诸塞州，密歇根州，蒙大拿州，新泽西州，内华达州，俄勒冈州，南达科他州，佛蒙特州和华盛顿。可能有更多州加入此列表。

与其购买个别大麻股票，不如通过购买ETF来参与大麻股票的上涨。这样可以避免单个股票的风险。关注的ETF是MJ。今天，MJ上涨了近15％。它的周线图表是完美无缺的。它既有看涨的双底形态，又有杯状突破形态。 MJ的近期上升目标是20，长期一点的目标是23。

ETFMG Alternative HarvestETF（MJ 16.52 +15.12%） 该投资寻求提供的投资结果，在扣除费用和支出之前，通常与Prime Alternative Harvest 指数的总回报表现相对应。 基金将其总资产的至少80％（不包括从证券借贷获得的抵押品）投资于该指数的成分证券以及基于指数成分证券的ADR和GDR。 该指数集中在制药，生物技术和生命科学等行业组中，跟踪在交易所上市来至全球的普通股（或相应的ADR或GDR）的表现。 该基金是非多元化的。MJ 持有最多的十只股票是：APHA, GWPH, WEED, ACB, CRON, TLRY, GWRG, VFF, HEXO及CWEB。它们代表了64.48% MJ的资产总值。