Best Marijuana ETFs: Cannabis Industry Funds Listed

The Amplify Alternative Harvest ETF (MJ), launched in December 2015, became the first U.S.-listed ETF targeting the global cannabis market — predating even Canada’s legalization of recreational marijuana in 2018. Since then, several competing funds have appeared, each taking a different approach to covering cannabis growers, biotech firms, multi-state operators, and ancillary service providers.

The cannabis industry spans multiple sub-sectors: companies that cultivate and retail marijuana, biotech firms developing cannabinoid-based pharmaceuticals, ancillary businesses supplying equipment and services, and even cannabis-focused REITs like Innovative Industrial Properties (IIPR). Cannabis ETFs bundle these segments into single tradable instruments.

Notable marijuana ETFs include:

• MJ (Amplify Alternative Harvest ETF): A passively managed fund tracking a global cannabis index, with broader exposure that includes tobacco-related companies.
• MSOS (AdvisorShares Pure US Cannabis ETF): An actively managed, concentrated fund focused exclusively on U.S. companies — at least 50% of a holding’s revenue must come from the U.S. cannabis market.
• YOLO (AdvisorShares Pure Cannabis ETF): An actively managed global cannabis ETF launched in April 2019, investing at least 80% of net assets in companies deriving at least 50% of revenue from marijuana and hemp.
• CNBS (Amplify Seymour Cannabis ETF): Actively managed by cannabis investor Tim Seymour, targeting companies that derive at least 50% of revenue from cannabis.
• WEED (Roundhill Cannabis ETF): Offers concentrated exposure to the largest U.S. cannabis companies through total return swaps.
• TOKE (Cambria Cannabis ETF): A global, all-cap portfolio targeting approximately 20 to 50 top cannabis companies worldwide.

The two main providers — Amplify ETFs and AdvisorShares — each offer both U.S.-focused and global options. Key U.S. multi-state operators held across several of these funds include names like Curaleaf Holdings (CURLF), Verano Holdings (VRNOF), and Cresco Labs (CRLBF). For a broader look at fund options across all sectors, see the complete list of ETFs, or explore largest pharmaceutical companies for related biotech exposure.

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The table below lists marijuana ETFs with live pricing, performance, and fund details.