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Roundhill Waits Eight Months to Launch Its WEED ETF on 4/20

  • Investing in cannabis and hemp equities and total return swaps
  • ‘What better day to launch’: Will Hershey, Roundhill CEO
    

    

Photographer: Ben Nelms/Bloomberg

Roundhill Investments has debuted its cannabis-themed exchange-traded fund on April 20 -- a date widely regarded as a marijuana holiday -- marking its entry into the burgeoning sector. 

The Roundhill Cannabis ETF (ticker WEED) will invest in exchange-listed equities and total return swaps that have exposure to the cannabis and hemp markets, according to a filing with the U.S. Securities and Exchange Commission. It will be listed on the Cboe BZX Exchange.