Listed Funds Trust Roundhill Cannabis ETF (BATS:WEED) shares are trading higher Tuesday amid continued momentum in the cannabis sector related to recent developments in the U.S. efforts to reschedule marijuana.
What To Know:
The broader cannabis sector has been moving higher since Aug. 31 when it was reported that the Department of Health and Human Services sent a letter to the DEA recommending the reclassification of marijuana from a Schedule I to Schedule III substance.
Shares of the Roundhill Cannabis ETF are moving higher on above-average trading volume. According to data from Benzinga Pro, more than 5,380 shares have already been traded in the session, compared to the ETF’s 100-day average of 4,221 shares.
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WEED Price Action: According to Benzinga Pro, Roundhill Cannabis ETF shares are up 9.7% at $37.63 at the time of publication.
Image: stankx from Pixabay
