In this four-part series, Benzinga takes an exclusive look at some of the highest valued, US-traded cannabis ETFs.
For part three, we spoke with Dan S. Ahrens, Managing Director and the Chief Operating Officer of AdvisorShares Pure Cannabis ETF (NYSE:YOLO).
AdvisorShares Pure Cannabis ETF (NYSE:YOLO) launched April 2019, and is the first actively managed cannabis ETF in the U.S. With about $46 million in assets, YOLO stands out for its investment exposure to the U.S. multi-state operators (MSOs), which cannot be achieved by some of its competitors due to regulatory barriers.
BZ Cannabis: What’s the fund criteria for putting together the index?
D.A.: With individual security selection (rather than being index-based), we hand-elect cannabis-related companies that we believe offer the best…