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Starting next week, submitting Obituaries, In Memoriams or Cards of Thanks for our publications and online becomes easier! Simply visit - New proposed federal rules governing marijuana has so far failed to spark fresh buying interest in exchange traded funds tracking the shares of North American cannabis companies, despite strong performance this year.
Of the nine cannabis-focused ETFs in the U.S. market, only two - the AdvisorShares MSOS 2x Daily ETF and the AdvisorShares Pure US Cannabis ETF - seen any inflows since the Justice Department's announcement, according to data from LSEG Group. Some analysts believe the wariness of ETF investors to dive into cannabis funds could mean a shakeout is looming for the segment. Already this year, GlobalX Funds has shuttered its $29 million GlobalX Cannabis ETF. GlobalX has declined comment on the closures, but analysts noted that those ETFs that were axed had been slow to accumulate significant assets.
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