Back to the Future #3: AdvisorShares Pure US Cannabis ETF $MSOS
When the future is clear and the price had halved
In my post on 21st September 2021, I wrote
“I am ready to average down when the price falls. So be ready for prices to fall by 50%.”
Now with the price at 50% lower from USD 30, fear is at the maximum level?
The only risk that is inherent within $MSOS structure is the swap agreement with the counter-parties.
It is well explained here. That is something that is holding me back from going all in on my allocation.
The potential growth of the industry looks sustainable and I cannot help but continue to double into the industry.
If you want to revisit my quick take on the industry, do click on the link below.
With WSJ chiming in on the valuation and growth of Cannabis stocks, you know that sentiment is against it.
With similar profile like cigarette (nicotine) or alcohol, this is a product that people should be consuming for a very long time…
The infographic below (click on the image) should give you a good visual overview of the industry compared to alcohol.