Is it safe to invest in marijuana?

Marijuana stocks can be highly risky and volatile. It's not fully safe to invest in marijuana, even with marijuana ETFs.

Do marijuana ETFs deserve a place in your portfolio?

Marijuana ETFs won't be a good fit for every investor. Risk-averse investors will probably want to steer clear of these funds. However, aggressive investors could find marijuana ETFs an attractive long-term investment alternative.

Is MSOS ETF a good buy?

MSOS is the ticker symbol for the AdvisorShares Pure US Cannabis ETF. This ETF could be attractive for aggressive investors seeking broad exposure to the U.S. cannabis industry.

Can marijuana ETFs pay dividends?

Many marijuana ETFs don't pay dividends. However, some exceptions have paid dividends in the past, including the Amplify Alternative Harvest ETF (NYSEMKT:MJ).

Will the AdvisorShares Pure US Cannabis ETF ever go up?

The AdvisorShares Pure US Cannabis ETF (NYSEMKT:MSOS) rebounded significantly in the second half of 2025 after a multiyear decline but gave up some of those gains in early 2026. There's no way to know if or when the ETF will resume its momentum.

How can I evaluate the performance of a marijuana ETF?

Key things to consider in evaluating the performance of a marijuana ETF include the total returns over varying time periods (for example, one year, three years, five years, and total returns since inception). Investors should also look at annual expense ratios relative to total returns.

How do marijuana ETFs differ from investing in individual marijuana stocks?

Marijuana ETFs offer a convenient way to invest in a large number of individual marijuana stocks. These funds can provide more diversification than buying a handful of individual marijuana stocks. Choosing a marijuana ETF can also significantly reduce the amount of research required compared to investing in individual marijuana stocks. The primary downside of marijuana ETFs, though, is their costs, which can be compared by looking at the funds' annual expense ratios.

Best Cannabis ETFs to Buy in 2026 and How to Invest in Them

Here's what you need to know about the top marijuana ETFs.

By Keith Speights – Updated Feb 12, 2026 at 5:10 PM EST | Fact-checked by Frank Bass

Key Points

Cannabis is projected to be a $444 billion market by 2030, growing at 34% annually.
Marijuana ETFs offer diversification, spreading risk across multiple cannabis stocks.
Before investing, consider ETFs' expense ratios, diversification, and geographical focus.

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Data source: Yahoo! Finance and ETF websites. Data current as of Feb. 10, 2026.

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NYSEMKT: MSOS

AdvisorShares Pure US Cannabis ETF

Today's Change

(6.63%) $0.27

Current Price

$4.26

Key Data Points

Day's Range

$4.04 - $4.31

52wk Range

$2.06 - $7.25

Volume

7.1M

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The largest marijuana ETF based on assets under management is the AdvisorShares Pure U.S. Cannabis ETF (MSOS +6.63%). It's the first ETF to focus exclusively on the U.S. cannabis market.

This ETF had more than 20 holdings in late 2025, including U.S. marijuana stocks and swaps (derivative contracts, where the values or cash flows of one asset are exchanged for another). Its top positions included swaps for Curaleaf Holdings (CURLF +8.09%), Trulieve Cannabis (TCNNF +4.36%), Green Thumb Industries (GTBIF +4.54%), Cresco Labs (CRLBF +3.57%), Verano Holdings (OTC:VRNOF), and Glass House Brands (OTC:GLAS.F).

It's possible that the ETF's focus on the U.S. market could give investors greater growth opportunities than other ETFs. Although marijuana remains illegal at the federal level in the U.S., many states have legalized marijuana for medical and/or recreational use.

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2. Amplify Alternative Harvest ETF

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NYSEMKT: MJ

Amplify ETF Trust - Amplify Alternative Harvest ETF

Today's Change

(4.35%) $1.10

Current Price

$26.34

Key Data Points

Day's Range

$25.09 - $26.46

52wk Range

$16.50 - $46.75

Volume

24K

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In 2015, Amplify Alternative Harvest ETF (MJ +4.35%) became the first U.S. ETF to target the global cannabis market. This ETF was established even before the Canadian cannabis industry took off after the legalization of recreational marijuana in 2018.

Amplify Alternative Harvest ETF owned 10 individual stocks in early 2026. Its top stock holdings included Tilray Brands (TLRY +3.72%), Cronos Group (CRON +2.79%), SNDL (SNDL +1.66%), Village Farms International (VFF +1.85%), and Aurora Cannabis (ACB +2.19%).

These five positions combined made up almost 43% of the ETF's total assets. Roughly 49% of the ETF was also invested in its sister fund, Amplify Seymour Cannabis ETF (CNBS +4.02%).

Canadian cannabis producers weigh heavily in the ETF's portfolio. This could hurt the ETF's performance while current U.S. federal cannabis laws remain in effect. The Canadian companies can't enter the U.S. cannabis market and retain their listings on major U.S. stock exchanges as long as marijuana is illegal at the federal level.

3. Global X Marijuana Life Sciences Index ETF

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OTC: HMLSF

Global X Marijuana Life Sciences Index ETF

Today's Change

(1.76%) $0.09

Current Price

$5.28

Key Data Points

Day's Range

$5.28 - $5.28

52wk Range

$4.00 - $7.05

Volume

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Although Global X Marijuana Life Sciences Index ETF (HMLSF +1.76%) isn't listed on a major U.S. stock exchange, U.S. investors can buy the ETF on over-the-counter (OTC) markets. Its 2017 inception makes it one of the oldest marijuana ETFs.

The ETF's top holdings include Tilray, Jazz Pharmaceuticals (JAZZ +0.52%), SNDL, Cronos Group, and Innovative Industrial Properties (IIPR -0.64%). Together, these five stocks account for approximately 51% of the ETF's total portfolio.

Global X Marijuana Life Sciences Index ETF became the first ETF to target the global cannabis market. The ETF was established even before the Canadian cannabis industry took off after the legalization of recreational marijuana in 2018.

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NYSEMKT: YOLO

AdvisorShares Trust - AdvisorShares Pure Cannabis ETF

Today's Change

(2.40%) $0.07

Current Price

$2.99

Key Data Points

Day's Range

$2.79 - $3.05

52wk Range

$1.66 - $4.53

Volume

56K

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AdvisorShares operates two marijuana ETFs. One focuses exclusively on the U.S. cannabis market, but the AdvisorShares Pure Cannabis ETF (YOLO +2.40%) doesn't limit itself to the U.S. Instead, it focuses on the global cannabis market.

The ETF had 18 stock holdings in early 2026. Almost 42% of its assets were invested in the AdvisorShares Pure U.S. Cannabis ETF. The top five individual stocks in its portfolio were Village Farms International, High Tide (HITI +1.65%), SNDL, Cronos Group, and Organigram Global (OGI +0.69%). The stocks made up roughly 44% of the ETF's total holdings.

The AdvisorShares ETF could be an attractive alternative for investors who want exposure outside the U.S. but still want a heavier weighting to U.S. stocks.

5. Amplify Seymour Cannabis ETF

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NYSEMKT: CNBS

Amplify ETF Trust - Amplify Seymour Cannabis ETF

Today's Change

(4.02%) $0.96

Current Price

$24.97

Key Data Points

Day's Range

$24.02 - $25.23

52wk Range

$13.96 - $43.94

Volume

4.3K

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Amplify Seymour Cannabis ETF (CNBS +4.02%) bears the name of its manager, Tim Seymour. He is a well-known cannabis investor and has appeared frequently on CNBC's Fast Money TV show.

The ETF held 33 stocks in early 2026. Its top positions included swaps in Trulieve Cannabis, Green Thumb Industries, Cresco Labs, and Verano Holdings, as well as shares of CuraLeaf. The five positions comprised roughly 61% of the ETF's total assets.

U.S. multi-state operators make up much of this ETF's total portfolio. Cannabis companies focusing on cultivation and retail comprise a smaller portion.

6. Cambria Cannabis ETF

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NYSEMKT: TOKE

Cambria ETF Trust - Cambria Cannabis ETF

Today's Change

(0.96%) $0.05

Current Price

$5.24

Key Data Points

Day's Range

$5.18 - $5.25

52wk Range

$4.20 - $7.33

Volume

61K

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Cambria Cannabis ETF (TOKE +0.96%) was formed in 2019. Although it's the smallest of the marijuana ETFs on this list, the fund has the lowest annual expense ratio.

This ETF had 22 holdings in early 2026. Its top positions included swaps in Green Thumb Industries, Grown Rogue International (OTC:GRUS.F), Trulieve Cannabis, and Glass House Brands, as well as shares of Village Farms International. These five holdings made up almost 37% of the fund's portfolio.

Cambria Cannabis ETF doesn't just focus on pure-play cannabis companies. It also invests in related industries, including food, real estate, and tourism.

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Marijuana ETFs FAQ

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About the Author

Keith Speights is a contributing Motley Fool healthcare analyst covering publicly traded companies across pharmaceuticals, biotechnology, medical devices, technology, and marijuana. Prior to The Motley Fool, Keith was CEO of Constant Care Technology, a healthcare technology company; vice president of American HealthTech, a healthcare software company; and a director of operations for Blue Cross Blue Shield of Mississippi, a health insurer. He holds a B.S. in Industrial Engineering from Mississippi State University.

TMFFishBiz

Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cronos Group, High Tide, and Organigram Global. The Motley Fool recommends Cresco Labs, Green Thumb Industries, Innovative Industrial Properties, SNDL, and Tilray Brands. The Motley Fool has a disclosure policy.

Best Cannabis ETFs to Buy in 2026 and How to Invest in Them

Here's what you need to know about the top marijuana ETFs.

Key Points

Key Data Points

2. Amplify Alternative Harvest ETF

Key Data Points

3. Global X Marijuana Life Sciences Index ETF

Key Data Points

Key Data Points

5. Amplify Seymour Cannabis ETF

Key Data Points

6. Cambria Cannabis ETF

Key Data Points

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Marijuana ETFs FAQ

Is it safe to invest in marijuana?

Is it safe to invest in marijuana?

Do marijuana ETFs deserve a place in your portfolio?

Do marijuana ETFs deserve a place in your portfolio?

Is MSOS ETF a good buy?

Is MSOS ETF a good buy?

Can marijuana ETFs pay dividends?

Can marijuana ETFs pay dividends?

Will the AdvisorShares Pure US Cannabis ETF ever go up?

Will the AdvisorShares Pure US Cannabis ETF ever go up?

How can I evaluate the performance of a marijuana ETF?

How can I evaluate the performance of a marijuana ETF?

How do marijuana ETFs differ from investing in individual marijuana stocks?

How do marijuana ETFs differ from investing in individual marijuana stocks?

About the Author

Read Next

Stocks Mentioned

Premium Investing Services

Marijuana ETFs FAQ

Is it safe to invest in marijuana?

Is it safe to invest in marijuana?

Do marijuana ETFs deserve a place in your portfolio?

Do marijuana ETFs deserve a place in your portfolio?

Is MSOS ETF a good buy?

Is MSOS ETF a good buy?

Can marijuana ETFs pay dividends?

Can marijuana ETFs pay dividends?

Will the AdvisorShares Pure US Cannabis ETF ever go up?

Will the AdvisorShares Pure US Cannabis ETF ever go up?

How can I evaluate the performance of a marijuana ETF?

How can I evaluate the performance of a marijuana ETF?

How do marijuana ETFs differ from investing in individual marijuana stocks?

How do marijuana ETFs differ from investing in individual marijuana stocks?

Top marijuana ETFs to consider

Best Wine Stocks to Buy in 2026 and How to Invest in Them

Best Psychedelic Stocks to Buy in 2026 and How to Invest

Best Beer Stocks to Buy in 2026 and How to Invest in Them

Best Alcohol Stocks to Buy in 2026 and How to Invest in Them

Key Data Points

1. AdvisorShares Pure U.S. Cannabis ETF

2. Amplify Alternative Harvest ETF

4. AdvisorShares Pure Cannabis ETF

What to consider before choosing a marijuana ETF

Pros and cons of investing in marijuana ETFs

How to buy cannabis ETFs

Taxes for marijuana stocks

Related investing topics

FAQ

Key Data Points

Key Data Points

Key Data Points

Key Data Points

Key Data Points

3. Global X Marijuana Life Sciences Index ETF

6. Cambria Cannabis ETF

5. Amplify Seymour Cannabis ETF