FYI: Innovation Shares in a recent filing outlined plans to launch an ETF that will cover the legal marijuana industry and likely compete with the $631 million ETFMG Alternative Harvest ETF (MJ). The firm, which is focused on cutting-edge technology, likely saw an opportunity with the resignation of anti-marijuana crusader Jeff Sessions from his role as Attorney General and opted to file for the Innovation Shares Cannabis ETF.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/marijuana-etf-filed