An employee holds a display of dried marijuana at the Fire and Flower store as the first legal cannabis stores open in the province of Ontario, in Ottawa, Ontario, Canada, April 1, 2019.BNY Mellon is serving as a custodian bank for a new, actively managed marijuana ETF that trades under the ticker 'YOLO,' the bank confirmed to Business Insider.
The New York-based bank is providing custodial services to a new marijuana exchange-traded fund called the AdvisorShares Pure Cannabis ETF. Launched last week, the actively managed fund will trade under the ticker YOLO. Though YOLO isn't the first marijuana ETF, it's the first New York Stock Exchange-listed marijuana fund that's backed by a major custodian bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This new ETF lets you invest in the rapidly growing, $400 billion space industryThe flood of young companies into the $400 billion space industry is sparking investor interest but there's a common issue.
Source: CNBC - 🏆 12. / 72 Read more »
Goldman Sachs ETF chief breaks down new investment trendThe space for exchange-traded funds is broadening, with major institutions like Goldman Sachs now moving towards factor-based investing. Goldman's ETF chief explains the draw of buying based on appealing characteristics.
Source: CNBC - 🏆 12. / 72 Read more »
Medicare for All is dragging down health-care stocks and there could be more pain aheadHealth-care stocks suffered a health scare this week. The XLV health care sector ETF tumbled more than 4%, its worst week of the year. TradingNation Nursing Nurses Nurse TradingNation Health Insurers have seen stock prices plummet this week because investors know that doomsday is coming for the millions who work in insurance Democrats plan to eliminate all private insurance providers in their Medicare for All plans Simply facts TradingNation Good anthem has been screwing customers for years
Source: CNBC - 🏆 12. / 72 Read more »
This new ETF lets you invest in the rapidly growing, $400 billion space industryThe flood of young companies into the $400 billion space industry is sparking investor interest but there's a common issue.
Source: CNBC - 🏆 12. / 72 Read more »
Trump administration says immigrants working in legal marijuana industry lack ‘moral character’ for citizenshipFederal officials issued a guidance Friday clarifying that working with or using marijuana could be grounds for losing the chance for citizenship. 'immigrants' Immigrants are people that followed the process to enter our country legally. Illegal aliens are not immigrants. Everything he says is psychological projection. What about the immigrants who worked for him?
Source: washingtonpost - 🏆 95. / 72 Read more »