How To Buy Marijuana Stocks For Dummies May 2026

The "cannabis industry" isn't just one thing. It is generally divided into three subsectors: Saxo Bank

: 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 how to buy marijuana stocks for dummies

: 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 The "cannabis industry" isn't just one thing

: 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 NerdWallet 3

: Only invest money you are comfortable losing, and treat cannabis as a small portion of a wider, safer portfolio. Nanalyze