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The 420 holiday, the annual ode to cannabis indulgences, is celebrated in April, but for marijuana and exchange traded funds investors, July 2019 has brought plenty to celebrate, too. The Cambria Cannabis ETF (CBOE: TOKE) debuted Thursday, marking the second cannabis ETF launch this week and third this month. With the debut of TOKE, there are now five cannabis ETFs listed in New York. At the start of 2019, there was just one. TOKE is a departure from the norm for Los Angeles-based Cambria. The issuer has gained acclaim for its unique lineup featuring deep value, momentum and shareholder yield strategies. TOKE Talk: Another Cannabis ETF Is Here

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