{"id":396453,"date":"2020-12-09T09:06:21","date_gmt":"2020-12-09T14:06:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396453"},"modified":"2020-12-09T09:06:21","modified_gmt":"2020-12-09T14:06:21","slug":"etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\/","title":{"rendered":"ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management<\/b><\/p>\n<p>SUMMIT, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLeading thematic ETF issuer, ETF Managers Group LLC (ETFMG\u00ae), announced today that the ETFMG Alternative Harvest ETF, better known as MJ\u00ae, has again joined the \u201cbillion-dollar club.\u201d After less than 3 years of trading on the NYSE, MJ\u00ae achieved the impressive milestone of exceeding $1 billion assets under management (AUM) on December 4, 2020.\n<\/p>\n<p>\nMJ\u00ae remains the largest cannabis ETF in the world and the first and only U.S. listed ETF to target the global cannabis industry directly. The Fund provides investors exposure to this rapidly evolving sector which continues to see medicinal advancements, regulatory changes and M&amp;A activity, highlighting the long-term investment opportunity in the industry.\n<\/p>\n<p>\n\u201cThis tremendous milestone for MJ\u00ae is in-line with the continued and multi-faceted growth that the global cannabis industry has been experiencing over the last few years. Investors have become increasingly aware of the industry\u2019s long-term growth potential and its growing importance,\u201d said Sam Masucci, CEO and Founder of ETFMG\u00ae. \u201cNot only is MJ\u00ae the leader by assets in this high growth industry, but it is a first-to-market product that has become the proxy for U.S. investors looking to invest in the global cannabis movement.\u201d\n<\/p>\n<p>\nIn 2020, cannabis legalization and federal approval reached an all-time high with key changes in longstanding government policy.\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nIn January, legal cannabis became the fastest-growing industry in America with over 243,700 jobs and growing, a +15% increase year over year.<sup>1<\/sup><\/li>\n<li>\nFive states passed legal marijuana measures during this year\u2019s election, growing the industry by an additional $9 billion.<sup>2<\/sup><\/li>\n<li>\nThe United Nations removed marijuana from the strictest global drug category with U.S. support.<sup>3<\/sup><\/li>\n<li>\nU.S. House of Representatives approved a bill to federally legalize marijuana, a step toward federally rescheduling and decriminalizing cannabis.<sup>4<\/sup><\/li>\n<\/ul>\n<p>\n\u201cThe cannabis industry has experienced remarkable growth again this year &#8211; not just domestically, but globally as well. With the supermajority of Americans living in states that have legalized cannabis, continued legislative progress at the federal level, Mexico moving towards adult use legalization, and the United Nations deciding to reschedule cannabis, the cannabis industry is poised to be one of the fastest growing industry next decade,\u201d said ETFMG Cannabis Research and Banking Expert, Jason Wilson.\n<\/p>\n<p>\nFor more information on MJ\u00ae, visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.etfmg.com%2FMJ&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=www.etfmg.com%2FMJ&amp;index=1&amp;md5=cadc653b2f9bb9327250bc12240fb2ee\">www.etfmg.com\/MJ<\/a><\/p>\n<p><b>About ETFMG\u00ae <\/b><\/p>\n<p>\nETFMG\u00ae is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG\u00ae fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long- term growth opportunities to investors. ETFMG\u00ae funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors\u2019 portfolios. To learn more about ETFMG\u00ae and our portfolio of exchange traded funds please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.etfmg.com%2F&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=www.etfmg.com&amp;index=2&amp;md5=15deb3956172073c4a4daa0cb6c1f96a\">www.etfmg.com<\/a> or follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fexchange-traded-managers-group%2F&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=a0c83fb548d55c0ed79376e7445d01a7\">LinkedIn<\/a>, Twitter <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fetfmg&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=%40ETFMG&amp;index=4&amp;md5=b2d2bfe5fc0495c8aa1f63f48545674c\">@ETFMG<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fetfmanagersgroup%2F&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=Facebook&amp;index=5&amp;md5=97a752124a1ca4c1ef8826f8e8fb3124\">Facebook<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2Fchannel%2FUCUTEwEpjH_yBI7r1Q76GpZw&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=YouTube&amp;index=6&amp;md5=35345d2a2cb38edb34b14f84e5c86b58\">YouTube<\/a>.\n<\/p>\n<p><b>Carefully consider the Fund&#8217;s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund\u2019s prospectus, which is available on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.etfmg.com&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=www.etfmg.com&amp;index=7&amp;md5=b06f665a136b6628751bf183c4aa4c1c\">www.etfmg.com<\/a> or may be obtained by calling 1-844-383-6477. Read the prospectus carefully before investing. The cannabis industry is subject to considerable volatility and the value of the companies in the sector may fluctuate significantly. The effects of the current pandemic on the economy remain unknown and investment markets may continue to be subject to significant volatility.<\/b><\/p>\n<p>\n*On December 26, 2017, the Fund\u2019s investment objective and principal investment strategy were substantially revised; therefore, the performance and average annual total returns shown for periods prior to December 26, 2017 is likely to have differed had the Fund\u2019s current investment strategy been in effect during those periods. The Fund\u2019s prior investment objective sought to provide investment results that corresponded to the performance of the Solactive Latin America Real Estate Index, which tracked equities with primary listings in the Latin America region that derived most of their income from real estate and real estate services.\n<\/p>\n<p>\nInvesting involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.\n<\/p>\n<p>\nThe possession and use of marijuana, even for medical purposes, is illegal under federal and certain states\u2019 laws, which may negatively impact the value of the Fund\u2019s investments. Use of marijuana is regulated by both the federal government and state governments, and state and federal laws regarding marijuana often conflict. Even in those states in which the use of marijuana has been legalized, its possession and use remains a violation of federal law. Federal law criminalizing the use of marijuana pre-empts state laws that legalizes its use for medicinal and recreational purposes. Cannabis companies and pharmaceutical companies may never be able to legally produce and sell products in the United States or other national or local jurisdictions.\n<\/p>\n<p>\nThe fund is distributed by ETFMG Financial LLC.\n<\/p>\n<p><b>Sources:<\/b><\/p>\n<ol class=\"bwlistdecimal\">\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.leafly.com%2Fnews%2Findustry%2F243700-marijuana-jobs-how-many-in-america&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.leafly.com%2Fnews%2Findustry%2F243700-marijuana-jobs-how-many-in-america&amp;index=8&amp;md5=946fac9c7f4995c08d4a044c2b33c595\">https:\/\/www.leafly.com\/news\/industry\/243700-marijuana-jobs-how-many-in-america<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2F2020-elections-marijuana-on-the-ballot-in-these-5-states-173753954.html&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2F2020-elections-marijuana-on-the-ballot-in-these-5-states-173753954.html&amp;index=9&amp;md5=fee39fbc760bc8ddb363bb3fdacdd3fd\">https:\/\/finance.yahoo.com\/news\/2020-elections-marijuana-on-the-ballot-in-these-5-states-173753954.html<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marijuanamoment.net%2Funited-nations-removes-marijuana-from-most-strict-global-drug-category-with-u-s-support%2F&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.marijuanamoment.net%2Funited-nations-removes-marijuana-from-most-strict-global-drug-category-with-u-s-support%2F&amp;index=10&amp;md5=181a31b4541669aee42b65d359ffa34b\">https:\/\/www.marijuanamoment.net\/united-nations-removes-marijuana-from-most-strict-global-drug-category-with-u-s-support\/<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marijuanamoment.net%2Fhouse-approves-federal-marijuana-legalization-bill-in-historic-vote%2F&amp;esheet=52345310&amp;newsitemid=20201209005332&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.marijuanamoment.net%2Fhouse-approves-federal-marijuana-legalization-bill-in-historic-vote%2F&amp;index=11&amp;md5=b54f3c4eef8880e0e61cfa635b765284\">https:\/\/www.marijuanamoment.net\/house-approves-federal-marijuana-legalization-bill-in-historic-vote\/<\/a><\/li>\n<\/ol>\n<p>\n\u00a0\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005332r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201209005332\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201209005332\/en\/<\/a><\/span><\/p>\n<p>\nDeborah Kostroun<br \/>\n<br \/>Zito Partners<br \/>\n<br \/>(201) 403-8185<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:deborah@zitopartners.com\">deborah@zitopartners.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New Jersey<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Alternative Medicine Professional Services Health Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201209005332\/en\/845474\/3\/Etfmg_Fund_Lockup_MJ%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management SUMMIT, N.J.&#8211;(BUSINESS WIRE)&#8211; Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG\u00ae), announced today that the ETFMG Alternative Harvest ETF, better known as MJ\u00ae, has again joined the \u201cbillion-dollar club.\u201d After less than 3 years of trading on the NYSE, MJ\u00ae achieved the impressive milestone of exceeding $1 billion assets under management (AUM) on December 4, 2020. MJ\u00ae remains the largest cannabis ETF in the world and the first and only U.S. listed ETF to target the global cannabis industry directly. The Fund provides investors exposure to this rapidly evolving sector which continues to see medicinal advancements, regulatory changes and M&amp;A activity, highlighting the long-term investment opportunity in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396453","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management SUMMIT, N.J.&#8211;(BUSINESS WIRE)&#8211; Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG\u00ae), announced today that the ETFMG Alternative Harvest ETF, better known as MJ\u00ae, has again joined the \u201cbillion-dollar club.\u201d After less than 3 years of trading on the NYSE, MJ\u00ae achieved the impressive milestone of exceeding $1 billion assets under management (AUM) on December 4, 2020. MJ\u00ae remains the largest cannabis ETF in the world and the first and only U.S. listed ETF to target the global cannabis industry directly. The Fund provides investors exposure to this rapidly evolving sector which continues to see medicinal advancements, regulatory changes and M&amp;A activity, highlighting the long-term investment opportunity in &hellip; Continue reading &quot;ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T14:06:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005332r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management\",\"datePublished\":\"2020-12-09T14:06:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\\\/\"},\"wordCount\":943,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201209005332r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/etfmg-alternative-harvest-etf-mj-exceeds-1-billion-in-assets-under-management\\\/\",\"name\":\"ETFMG Alternative Harvest ETF (MJ\u00ae) Exceeds $1 Billion in Assets Under Management - 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MJ\u00ae remains the largest cannabis ETF in the world and the first and only U.S. listed ETF to target the global cannabis industry directly. 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