Shares of most cannabis stocks were broadly higher during premarket trade on Wednesday, leading to a rise in the marijuana indices and exchange traded funds. During premarket trade, the ETFMG Alternative Harvest ETF (MJ) rallied 1.7%, after taking in losses over 20% over the past six trading sessions. Keep in mind, the marijuana sector ETF has improved 22% over the past three months through Tuesday, while the S&P 500 (SPX) was down 2.8%. Are These Marijuana Stocks On Your Watch-List? The ETF holds around 40 stocks, including marijuana producers, pharmaceutical and biotech companies seeking the use of marijuana for medicinal purposes and consumer-oriented companies with an expertise in selling smokable products. The Top 5 Holdings of the ETFMG Alternative Harvest ETF include: · Aurora Cannabis Corp. (ACB) (ACBFF) · Canopy Growth Corporation (WEED) (CGC) · Cronos Group Inc. (CRON) · GW Pharmaceuticals Plc (GWPH) · Tilray Inc. (TLRY) The North American Marijuana Index, tracker of leading cannabis stocksthroughout North America, is holding onto gains of 137% over the last year. Even with the pullback seen among the sector, overall it is still outperforming the broad markets. With this in mind, investors continue to seek opportunities in numerous marijuana stocks.