: Many U.S. cannabis companies trade Over-the-Counter (OTC) because marijuana remains federally illegal in the U.S. Some apps like Robinhood may block certain OTC stocks, so verify that your broker allows OTC trading before signing up. Money.com 4. Understand the Risks
To buy these stocks, you need an account with an online broker like Fidelity or Charles Schwab. how to buy marijuana stocks for dummies
: Only invest money you are comfortable losing, and treat cannabis as a small portion of a wider, safer portfolio. Nanalyze : Many U
: Marijuana is still illegal at the U.S. federal level. While recent rescheduling to Schedule III may improve profitability by reducing tax burdens (specifically the 280E tax), the timeline for full reform is uncertain. YouTube Nanalyze : Marijuana is still illegal at the U
: Check the background of the company's management team. Dummies
: These allow you to buy a "basket" of many different cannabis stocks at once. Popular options include the AdvisorShares Pure US Cannabis ETF (MSOS) and the Amplify Alternative Harvest ETF (MJ). NerdWallet 3. Open a Brokerage Account