A List of 57 Marijuana Stocks to Invest In – Or Not

Marijuana stocks have been on a tear lately, which may explain why our recent articles on Canopy Growth Corp (CGC) and Aphria (APH) have been some of the most popular so far this year. There's clearly some "there" there and since we exist to serve the interests of our readers, we decided to get it all out there and put together a comprehensive list of marijuana stocks for you all to pore over. We're going to preface this by saying just because any stock made it to this list does not mean that a) you should invest in it or b) it has anything to do with marijuana whatsoever. This list of marijuana stocks we've put together is largely based on the "weed index" that Bloomberg put together last year. (Note that no respectable index provider would ever, EVER include an over-the-counter (OTC) stock in an index which is why you need to visualize some serious air quotes when we say "weed index".) We just want to get that list out there so everyone can see all the names in one place and we
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26 thoughts on “A List of 57 Marijuana Stocks to Invest In – Or Not

  1. We use Interactive Brokers (IB) and Motif Investing. We wouldn’t recommend IB if this is the first brokerage firm you have used. If you just want to trade U.S. stocks (and no OTC), then use Motif Investing. Here’s our article on why we like them:

    https://www.nanalyze.com/2016/09/best-online-brokerage-motif-investing/

    If you want to buy stocks in the article like CGC, you need a broker that allows you to trade OTC stocks. In that case we recommend TradeKing. It’s one of the cheapest brokers around, they’re intuitive to use with good support, and you can get a isht load of free trades when you open an account using the below link:

    Trade King Free Trade Offer

    1. Hi! I am from Brazil and I would like to invest money on marijuana stocks. Could you recommend me a good broker?

      1. Good question. You’ll have to go with a local Brazilian broker that lets you trade Canadian or U.S. stocks. We don’t know of any. Frankly, you’re better off buying some index tracker ETFs. Marijuana stocks are no easy path to riches. Most people who “invest’ in OTC companies will lose all their money.

        BTW, stay tuned as we’re working on an article about the biggest startups in Brazil!

    1. We use Interactive Brokers (IB) and Motif Investing. We wouldn’t recommend IB if this is the first brokerage firm you have used. If you just want to trade U.S. stocks (and no OTC), then use Motif Investing. Here’s our article on why we like them:

      https://www.nanalyze.com/2016/09/best-online-brokerage-motif-investing/

      If you want to buy stocks in the article like CGC, you need a broker that allows you to trade OTC stocks. In that case we recommend TradeKing. It’s one of the cheapest brokers around, they’re intuitive to use with good support, and you can get a isht load of free trades when you open an account using the below link:

      Trade King Free Trade Offer

    1. As the article says, many are and some are not. As an example, the growers (expressing their harvests in 100s of kilos) are legitimate.

  2. Good info Nanalyze. Thoughts on ETST I bought in at .90 on wednesday we had a bull run to $1.60 then today tanked, I think due to a false news article that came out regarding a chapter 11. Seems people jumped ship without even doing DD. What 5 MJ stocks are on your radar right now?

    1. Thank you for the comment Jason!

      We don’t have any cannabis positions at the moment. We’d like to take a closer look at the valuations for Canadian growers (possible future article). In a past article we mentioned 5 legitimate “medical marijuana” stocks as follows:

      https://www.nanalyze.com/2016/12/medical-marijuana-stocks/

      Those are plays on marijuana being used as a medicine as opposed to plays on recreational use.

      You also have to consider the opportunity cost here. Shares of Nvidia or Illumina give you exposure to much more interesting growth stories in our opinion (AI and genetics respectively). Of course we’re not recommending for investors to do anything. As you said, do your own DD!

  3. I agree these are high-risk stocks; my open gains of $1,900 were nearly wiped out in two trading sessions after the White House press secretary made those remarks about the potential for recreational weed enforcement three weeks ago … also the entire US stock market is long overdue for a 1-2 year bear market and these OTC stocks will be slaughtered once the bear market finally kicks in sometime in 2017-2018. My advice to new investors is to simply dollar-cost average into S&P 500 dividend mutual funds (not etf’s or individual stocks) so you won’t need to rely on any market timing, investment advisors/newsletters, frequent trading, futures, forex, binary options or subscriptions to worthless trading magazines. Trust me, trading is NOT the path to riches, but slow, disciplined dollar-cost averaging into dividend-paying mutual funds are. Remember to reinvest your dividends to get the compounding working for you! God bless you all.

    1. You sir, are a damn genius. That is exactly the sort of message we have been telling all the people who write us about “wanting to invest in marijuana stocks”. The single best thing about “marijuana stocks” is that we can educate the masses about what it takes to accumulate wealth. It’s boring, it’s not sexy, and there is nothing fun about it at all. You won’t be complaining about that though when you’re wealthy from dollar-cost averaging into a diversified portfolio. We’re big fans of DGI!

  4. Hi there,
    Here Jacques from Belgium. As I’m very interested in the US/Canadian stock market, please may I receive your publications?
    Thanks in advance, and best regards,
    J.Matthys

  5. Hi there, I am A south African working in the yachting industry. I hold South African citizenship only so far, I really want to invest in Marijuana stocks in the US or Canada and have a some funds in South Africa that I would like to use to start my investment, How and where should I start for the best investment? Thank you!

  6. Hi Nanalyze,

    Great site!!!

    I’m inew to all this, have never invested before and although I am primarily interested in Medical Marijuana investing, from a brief reading here, I understand the best way to go is with a diversified portfolio (please correct me, if I err).

    I am interested in any mailings you have to get started.

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