• Marijuana ETF Saw Pre-Election Inflows

    3 days ago - By ETF Daily News

    From Todd Shriber : Marijuana stocks and the ETFMG Alternative Harvest ETF MJ 4.21% rallied Wednesday following encouraging results on cannabis legalization from Tuesday's midterm elections and after U.S. Attorney General Jeff Sessions announced his resignation .
    Data suggest traders nibbled at MJ ahead of the elections, wagering that ballot initiatives in states, including Michigan , would favor increased legalization of cannabis.
    What Happened
    Fifty-six percent of Michigan voters approved Proposal 1, which fully legalizes marijuana there, making Michigan the tenth state to approve...
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