Marijuana ETFs made millions of dollars from short sellers

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The two largest pot ETFs in North America — the Horizons Marijuana Life Sciences Index ETF and the ETFMG Alternative Harvest ETF — have made millions of dollars lending out their holdings to traders who want to bet against this year’s 60 percent climb in the red-hot market for cannabis stocks. Both funds returned more than 45 percent in the first quarter, beating almost all non-leveraged ETFs in North America, data compiled by Bloomberg show.

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