AdvisorShares responds to Trump cannabis reclassification order

AdvisorShares issued a statement responding to President Donald J. Trump's executive order directing federal agencies to advance the reclassification of cannabis under the Controlled Substances Act.

Dan Ahrens, Managing Director at AdvisorShares and portfolio manager of the AdvisorShares Pure US Cannabis ETF (MSOS), called the executive action "the clearest and most coordinated federal signal we've ever seen on cannabis policy." Ahrens stated that rescheduling has moved from speculation to sustained engagement at the highest levels of government.

The portfolio manager noted that while the action does not resolve every regulatory hurdle, it represents a step forward for more than 400,000 American cannabis workers. A move away from Schedule I classification could affect taxation, research access and capital formation for U.S. cannabis companies, according to Ahrens.

The AdvisorShares Pure US Cannabis ETF (MSOS) is an actively managed ETF focused on U.S. cannabis companies, including multi-state operators. AdvisorShares describes MSOS as the largest cannabis ETF and the first ETF to offer dedicated exposure to U.S. cannabis companies.

AdvisorShares also offers the AdvisorShares Pure Cannabis ETF (YOLO), which the company describes as the first U.S.-listed ETF with dedicated cannabis exposure. Both funds are managed by Ahrens.

The information is based on a company press release issued December 18, 2025, from Bethesda, Maryland.

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