MicroSectors launches first leveraged ETNs in the North American marijuana sector

Marijuana

REX Shares’ president Scott Acheychek has announced the launch of the first leveraged ETNs offering exposure to the cannabis industry in North America.

MJO offers two times leveraged exposure to the MSMJ index while the MJJ is an unleveraged version based on the same index. Acheycheck, whose BMO & REX Shares’ MicroSectors range won Best Alternative ETF Provider in the 2019 US ETF awards, says: “This is very much an emerging industry that has been regulatory news and headline driven and heavily traded in the single stock space - but there has been a gap in sector trading vehicles for cannabis.”

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Beverly Chandler
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