FYI: Launching an ETF isn't easy, even for vanilla, large cap core products. There's regulatory paperwork, back-and-forth with the SEC, listings requirements—not to mention lining up market makers and initial seed capital.
For funds offering exposure to cannabis stocks—a market that's still technically illegal at the federal level—issuers must fight even harder to get their products launched. Launch delays have become common for marijuana ETFs, caused by everything from intensifying SEC scrutiny to persistent reluctance among the capital markets community.
These issues could spell problems for nascent marijuana ETFs long past launch, even though the regulatory climate is becoming more favorable.
Regards,
Ted
https://www.etf.com/sections/features-and-news/challenge-launching-cannabis-etfs?nopaging=1
