Summit New Jersey is a quaint small town that's also home to one of the best diners in the country; the Summit Diner. Summit has a vibrant downtown area.
Never in a million years would I expect such a thing to be banned, but here we are. Gas powered leaf blowers have officially been banned in some New Jersey towns. You might like this new law, you may not. Either way, your neighborhood might be a little less noisy the next few months.
So what is the reason? Well a lot of people who are working from home have complained that it disrupts their work flow. Whether that means the leaf blowers create loud background noise on zoom calls, or interrupts deep concentration, either way enough people have complained for the state to take action.
ETFMG Alternative Harvest ETF (NYSE:MJ)
Founded in 2014 and headquartered in Summit New Jersey, this is the largest cannabis-focused exchange-traded fund on the market and the first and only U.S.-listed ETF to target the global cannabis industry directly, via the Prime Alternative Harvest Index.
The top holding in this ETF’s portfolio is the 10.35% share of Britain’s
GW Pharmaceuticals plc (NASDAQ:GWPH), followed by a 9.88% share of Canada’s
Aphria Inc. (NASDAQ:APHA) and a 7.01% share of
Tilray Inc. (NASDAQ:TLRY).
On Dec. 4, 2020, this ETF reached the mark of $1 billion assets under management.
MJ trades around at $20.18, which is between its 52-week high of $34.58 and its 52-week low of $10.12