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Learn | 10.27.2021

So You Want To Invest In Cannabis Stocks?

Here are some innovative stock apps on the market.

Ever heard of the “Green Rush”? Well, it’s the exciting rise and popularity of marijuana stocks that continue to grow. In fact, according to Research and Markets, the legal cannabis market is projected to hit $73.6 billion by 2027, so now is a better time than ever to get educated on marijuana stocks.

It’s essential to keep up with the latest trends and news when investing in any stocks, for that matter. These trends forecast financial success for certain companies, making it easier for you to invest in the right ones. Thanks to modern-day technology, there are now countless apps that help you become familiar with investing, keep you up to date with trends, and make it easy to trade stocks for maximum rewards. Now that you’re ready to get in the game, here are our top five apps for investing in marijuana stocks and staying up to date with the latest news.

Stash

Photo courtesy of Stash

This is another app that does not manage investor accounts directly but offers a guide to newbie and experienced investors through the process of creating an ETF portfolio. They also allow investors to cash in on cannabis investments while promoting that the user can do so whenever they please. Stash offers a $5 minimum investment and charges $1 a month for accounts that have a balance under $5,000 and a 0.25% annual fee for accounts with $5,000 or more.

Webull

Photo courtesy of Webull

Webull provides brokerage accounts that allow the user to invest in different companies. In terms of cannabis stocks, Webull lets you invest in companies that produce cannabis and the equipment used for cannabis cultivation. Most of these companies are Canadian and include major names like Aurora, Canopy Growth, Cronos, and Tilray.

M1Finance

Photo courtesy of M1Finance

M1Finance makes it easy to trade your stocks. Interestingly, this broker allows the user to invest in almost any marijuana stock, mutual fund, or ETF. Some of these companies to invest in include the four major players in Canadian cannabis like Aurora, Canopy Growth, Cronos, and Tilray.

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