 The AdvisorShares Pure US Cannabis ETF has surpassed 1 billion in assets under management, according to a company statement released Tuesday. The ETF, which trades under the ticker MSOS, launched on September 2, 2020 and has grown from 2.5 million in assets to now 1 billion in just six months. The fund has returned 110 since its inception and 37 in 2021 alone. The AdvisorShares ETF was the first US exchange traded fund to focus solely on American cannabis companies and multi-state operations MSOs, or companies directly involved in the legal production and distribution of cannabis. The funds inflows are a sign of growing investor interest in the cannabis space amid speculation that the Biden administration will keep its campaign promises and decriminalize marijuana. Some Democrats in Congress have pushed even further, advocating for the full legalization of cannabis in the US. 