$MSOS US Cannabis ETF just passed $1b in assets

$MSOS is now over $1b in Assets under management, an ETF listed on the NYSE and is a basket of US Based Cannabis Companies that are not Federally Compliant and therefore ineligible for US stock exchanges and traded on OTC in US and CSE. These stocks are some of the most shorted on the CSE, some with dark pool volumes over 50% short For those not familiar with Cannabis, companies have been beat up this year. Senators Schumer and Booker have sandbagged SAFE Banking since it is not broad enough and doesn’t deschedule cannabis, only allows banking. https://www.marijuanamoment.net/cory-booker-vows-to-block-marijuana-banking-until-senate-passes-comprehensive-legalization/ As a result, the MSO stocks have been relegated to the Canadian Securities Exchange, trading in the US on OTC. For example, Green Thumb Industries is trading CSE: GTII and on US OTC GTBIF. The US institutions cannot hold these stocks due to Federal Banking Laws, even the ETFs are using swap agreements to hold the stock. You’ll see the word SWAP in the holdings. Also, since it’s OTC most financial institutions won't allow employees to hold the OTC or foreign tickers, but they can hold the MSOS ETF. https://advisorshares.com/etfs/msos/ Last week GOP Congress Nancy Mace proposed legislation to deschedule cannabis which effectively puts pressure on the Dems and Schumer, Booker, and Wyden if they decide to sandbag the SAFE Banking bill and use it as a wedge issue in 2022 Midterms. GOP and Dems will be competing to pass descheduling legislation in 2022 and will be a part of midterms campaigns next year (finally 25 years after CA voted for medical in 1996). https://mjbizdaily.com/south-carolina-congresswoman-mace-to-unveil-federal-marijuana-legalization-bill/ This week 23 state Governors sent a formal letter to the Senate requesting action. https://s3.documentcloud.org/documents/21101520/governors-marijuana-banking-letter.pdf The IRS is having problems collecting from cannabis businesses and is urging for action. https://www.marijuanamoment.net/top-irs-official-says-marijuana-banking-reform-would-help-feds-get-paid/ The SAFE banking Act sits in the Congress version of the NDAA, but not in the Senate version yet, potentially could pass the senate (not a guarantee). It's the Dems only chance at passing something on cannabis this year. https://twitter.com/RepPerlmutter/status/1458519179787739138 If the SAFE Banking Act passes, FinCEN will have 180 days to issue guidance and many expect these companies will be eligible to uplist to US stock Exchanges even if cannabis remains a Schedule I drug. Meanwhile the entire industry sits shorted with FINRA/Dark Pool volume above 50% for most of the tickers. MSOS the largest US ETF for these CSE stocks, has seen record volumes over the last 4 days. Tickers of underlying US MSO stocks https://twitter.com/junglejava1/status/1458992513084235780 The Canadian names are trending on Twitter $SNDL (I’m long) and $TLRY https://www.cnbc.com/video/2021/11/10/cannabis-stocks-bounce-on-legalization-bill-tim-seymours-watchlist.html?__source=sharebar|twitter&par=sharebar ​