Frequently Asked Questions

Frequently Asked Questions2019-07-09T12:35:01+00:00
What is a cannabis company?2022-02-16T18:25:36+00:00

A cannabis company is defined as a legal cannabis cultivator and/or producer, a manufacturer and/or distributor/retailer of a cannabis derived consumer product, a firm that provides ancillary products and/or services (including technology & financial) to the cannabis industry, a company focused on the research and production of cannabis-containing pharmaceuticals or supplements, or a company involved in the research, testing and development of marijuana and/or an industrial cannabis derivative such as hemp.

What is the symbol for The Cannabis ETF?2019-02-25T21:39:15+00:00

THCX. Yes, we thought it was clever too.

When did THCX list?2019-07-09T12:37:38+00:00

THCX listed on July 9, 2019

Why did you launch THCX?2019-02-25T21:51:46+00:00

We wanted to give investors a diversified, transparent, tax-efficient and liquid option to invest in the legal cannabis industry.

Where can I see THCX’s portfolio?2019-02-25T21:51:53+00:00

On the holdings page here which is updated daily.

Does the fund track an index and if so, which one?2019-12-26T15:32:32+00:00

Yes, the fund is passively managed and tracks the Innovation Labs Cannabis Index. The Bloomberg ticker for the index is “THCX Index”.

What is the management fee for THCX?2022-02-16T18:19:38+00:00

The annual fee is 0.75%. This includes a fee waiver of 20 bps until June 30, 2022.

Is there a one-pager on THCX?2019-02-25T21:52:13+00:00

Yes, please see our fact sheet here. It is updated quarterly and you can sign up to automatically receive it.

On which exchange is THCX listed?2019-02-25T21:52:19+00:00

It is listed on NYSE Arca.

How can I buy or sell THCX?2019-04-08T15:48:56+00:00

Check with your financial advisor or online broker to see if THCX is available on their platform. If it isn’t, please contact us. We are constantly working with new platforms to help on-board our ETF.

What type of order should I use when trading THCX?2019-02-25T21:52:33+00:00

While a limit order is the safest route, it may take longer for your order to get executed. If you have specific questions about a larger order size, please feel free to contact us.

Can I short sell THCX?2019-02-25T21:52:37+00:00

Yes, but it is best to check with your financial advisor first to understand the risks of shorting any ETF, not just THCX.

Are options listed on THCX?2019-07-18T14:58:22+00:00

Yes, THCX options were listed on July 18, 2019.

How long has cannabis been around?2019-04-04T15:19:22+00:00

While a specific date is impossible to pin down, first medicinal usage in China is estimated to be in the neighborhood of 2700 BC. Cannabis is believed to have first arrived in the Americas in 1545 AD courtesy of the Spanish.

What are some applications for cannabis?2019-03-28T15:57:09+00:00

While cannabis is often viewed as a recreational lifestyle item, there are many other applications including in the pharmaceutical market, as an additive to food and beverages, and for health and wellness products for not only humans but animals as well.

I see the term “CBD” being referenced a lot. What is it?2019-03-28T15:57:58+00:00

CBD is short for Cannabidiol. It is a compound (one of >80 phytocannabinoids) found in the flower of the cannabis plant (either hemp or marijuana). CBD is believed to have non-addictive therapeutic benefits from both a medical and wellness standpoint with much of the research still in early stages.

How is CBD different from THC?2019-03-28T15:58:16+00:00

CBD is non-psychoactive compared to THC (tetrahydrocannabinol) which has psychoactive effects. People often refer to CBD giving you a “body high” compared to a “head high” for THC.

Are hemp and marijuana the same thing?2019-04-08T15:56:52+00:00

The short answer is “no”. Both are derivations of the Cannabis Sativa family but the anatomy, composition and use cases are different. Hemp contains <0.3% THC while Marijuana has abundant levels of THC with concentrations ranging from 15% – 40%.

How big is the cannabis industry and how large can it get?2019-03-28T15:58:56+00:00

According to a February 21, 2019, research report by Seaport Global Securties, the global value today is over $12 billion with the potential to grow to $630 billion by 2040.

Cannabis plant macro
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