An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023.
Marijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest.
It marked a swift turnaround for a quasi-legal industry curtailed by the anemic pace of federal reform.
Last month's announcement also sent shares of several cannabis companies higher, including Canopy Growth, Tilray Brands and Cronos Group.
At the time of the closure announcement, fund co-founder Morgan Paxhia told CNBC that it was not "immune to the broader macroeconomic environment and, more specifically, the dramatic shift in investor sentiment that has impacted the cannabis industry."
Persons:
Canaccord, Matt Bottomley, Morgan Paxhia
Organizations:
Aurora Deutschland GmbH, U.S . Department of Health, Human Services, Dow Jones Industrial, Dow, Tilray Brands, Cronos Group, Marijuana, CNBC
Locations:
Leuna, Germany