Roundhill Cannabis ETF

WEED

Market cap $8.36M

Canopy Growth Corporation (WEED:CA) Q3 2026 Earnings Call Transcript

The Roundhill Cannabis ETF (BATS: WEED) has posted a dramatic surge in technical strength, with its momentum ranking jumping to the 89th percentile this week amid renewed optimism for federal cannabis reform.

Santa Rally fizzled as markets stumbled, but ETFs tied to cannabis (MSOS, WEED), metals (SLV, PPLT) and space (UFO) surged.

I recommend buying cannabis sector ETFs. Recent news suggests imminent U.S. regulatory easing, potentially reclassifying marijuana and unlocking significant sector value. Current MJ ETF price/sales is 1.5x; I conservatively project a move to 2.5x, implying 66% upside. Key risks include regulatory uncertainty, sector profitability challenges, and historical underperformance post-IPOs.

Cannabis ETF WEED hits a new 52-week high, up 226% from its low, as rescheduling hopes fuel momentum and signal potential further upside.

Cannabis, metals, space and health care led ETF gains last week. WEED, CNBS, SIL, UFO, GDXJ, PLTM and OZEM outperformed despite tech weakness.

Cannabis stocks soared on Friday following news that U.S. president Donald Trump is expected to sign an executive order as soon as Monday that would ultimately ease federal restrictions on marijuana. The order would essentially reclassify marijuana from a Schedule I substance to Schedule III under the federal Controlled Substances Act.

President Donald Trump is expected to push for marijuana reclassification from Schedule I to Schedule III status, sending cannabis stocks soaring.

The Roundhill Cannabis ETF provides targeted exposure to the cannabis sector via total-return swaps, circumventing federal restrictions on direct stock ownership. WEED's portfolio is anchored by 63% in a Treasury bill and additional cash-like holdings, stabilizing fund value and serving as swap collateral. Core cannabis exposure comes from swaps linked to major U.S. multi-state operators: GTBIF, TCNNF, CURLF, CRLBF, and VRNO, each with distinct geographic and strategic strengths.

Cannabis, nat gas, space & meme ETFs surged last week: WEED, MSOS, UNG, UNL, UFO, XES & MEME led gains as rate-cut hopes lifted markets.