President Trump signed an executive order reclassifying marijuana as a less dangerous drug, causing major cannabis players in the market to surge. The AdvisorShares Pure US Cannabis ETF (MSOS) has seen positive performance due to its focus on U.S.-based cannabis firms operating in states where recreational marijuana is legal.

The MSOS ETF has outperformed other ETFs in the cannabis sector, which may be due to its focus on multi-state operators. While federal legalization is uncertain, these ETFs could provide upside for investors in the long term, despite the inherent risks and speculation associated with the cannabis sector.

Investors willing to take on risk and hold out for the long term may benefit from having exposure to the MSOS ETF. Future catalysts could change the outlook for the sector, making it worth following for potential investment opportunities, especially after recent spikes in performance. Chris MacDonald did not have positions in any mentioned securities.

Read more at Yahoo Finance: Want to Buy Some of the Best Marijuana Stocks for 2026? Consider This ETF.