Cannabis ETF (WEED) Hits a New 52-Week High
ZACKS·2025-12-17 13:01
Group 1 - The Roundhill Cannabis ETF (WEED) has reached a 52-week high and is up 226.5% from its 52-week low of $8.79 per share [1][3] - The ETF is designed to provide investors with exposure to the cannabis sector [2] - Recent gains in cannabis stocks are attributed to President Trump's plans to ease federal marijuana regulations by reclassifying it from Schedule I to Schedule III, which has boosted investor optimism [3] Group 2 - The ETF may continue its strong performance in the near term, indicated by a positive weighted alpha of 43.48, suggesting potential for further rally [4]