About That MSOS Position
YOLO now has the ability to access U.S multi-state operators through the MSOS ETF.
Why do you hold MSOS in YOLO?
Holding an NYSE listed ETF can be a more efficient way to get exposure to multi-state operators. We believe this change will improve YOLO’s operational, cost, and tax efficiency.
Is AdvisorShares making an extra fee?
No, management fees for MSOS within YOLO will be waived.
Is this change permanent?
No, cannabis investing is a space that needs various regulatory and legal changes, which could create opportunities in the future to make investing directly more efficient.
Do I need to own MSOS separately if I already own YOLO?
It just depends on your investment style. YOLO is a global cannabis strategy and MSOS is a U.S. focused strategy, so if YOLO is not providing you enough U.S. exposure, you may want to adjust your allocations accordingly. For more on MSOS’ holdings, click here!
Still have questions?
We would love to help! Please reach out to us with any questions directly.
Cannabis-Related Company Risk – Cannabis-related companies are subject to various laws and regulations that may differ at the state/local and federal level. These laws and regulations may (i) significantly affect a cannabis-related company’s ability to secure financing, (ii) impact the market for marijuana industry sales and services, and (iii) set limitations on marijuana use, production, transportation, and storage. Cannabis-related companies may also be required to secure permits and authorizations from government agencies to cultivate or research marijuana. In addition, cannabis-related companies are subject to the risks associated with the greater agricultural industry, including changes to or trends that affect commodity prices, labor costs, weather conditions, and laws and regulations related to environmental protection, health and safety. Cannabis-related companies may also be subject to risks associated with the biotechnology and pharmaceutical industries. These risks include increased government regulation, the use and enforcement of intellectual property rights and patents, technological change and obsolescence, product liability lawsuits, and the risk that research and development may not necessarily lead to commercially successful products. Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.