- Listed Funds Trust Roundhill Cannabis ETF WEED is trading higher Monday in sympathy with reintroducing a marijuana banking bill last week.
- Last week A group of bipartisan lawmakers reintroduced a marijuana banking bill enabling financial institutions to provide financial services to legal cannabis businesses. The move triggered a rally in cannabis stocks last week.
- Analysts touted the reintroduction as a positive move.
- The ETF has a 93% exposure to the U.S. treasury bills.
- However, last week was a negative session for U.S. Treasuries, with yields surging across all maturities of the yield curve.
- A rising yield implies falling demand for Treasury bonds.
- The recent economic statistics indicated a slowing real gross output and persistent price pressures heightened investor concerns about stagflation. Looking at the past three weeks of data, investors preferred allocating their funds to ETFs investing in longer-term Treasuries.
- Price Action: WEEDS shares traded higher by 3.91% at $22.62 on the last check Monday.
WEEDListed Funds Trust Roundhill Cannabis ETF
$10.98-0.99%
Edge Rankings
Momentum
4.75
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!
