6 Cannabis Penny Stocks You Probably Shouldn’t Buy

Last week we wrote an article about a cannabis penny stock we came across that actually had some signs of legitimacy. Would we invest in it? Absolutely not, but people who are dying to invest in cannabis penny stocks because they “think they’re cheap” can. Most retail investors make the mistake of thinking that a stock is cheap based on the literal share price which is probably one of the worst mistakes you can make when you start off investing. The world of penny stocks is becoming so rife with scams these days that we tell our readers with complete conviction that they should absolutely avoid every single over-the-counter (OTC) stock there is and stick to investing in stocks that trade on respectable stock exchanges. That’s what professional investors do. You would never catch a respectable institutional investor ever touching penny stocks. Even FINRA warned investors about this a long time ago:

Even with all the land mines out there, we have countless people that ask us day in and day out “which marijuana stocks to invest in” which we’ve now covered thoroughly. Stick with the new marijuana ETF that came out, or any of the big Canadian growers, or any of th