Why AdvisorShares Pure US Cannabis ETF (MSOS) Is Skyrocketing
Portfolio Pulse from Henry Khederian
AdvisorShares Pure US Cannabis ETF (NASDAQ:MSOS) shares are trading higher by 7.3% amid strength in the broader cannabis sector. This follows a report suggesting the Department of Health and Human Services (HHS) has called for moving marijuana to a lower-risk drug category. The recommendation is informed by an FDA evaluation of marijuana's classification.
August 31, 2023 | 2:28 pm
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Shares of AdvisorShares Pure US Cannabis ETF (MSOS) are trading higher following a report suggesting a potential reclassification of marijuana by the HHS. This could lead to increased investor interest in the cannabis sector.
The report suggesting a potential reclassification of marijuana by the HHS is a positive development for the cannabis sector. This could lead to increased investor interest in the sector, driving up the price of cannabis-related stocks and ETFs like MSOS.
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