Choosing an online broker

Like most things these days, the internet has made it easier than ever to find a broker and start your pot stock investment journey. If you want to purchase and manage your own investments, and online brokerage account is what you’re after.

To decide on an online broker, you will need to consider a few things depending on your trading style and tech needs. One of the benefits for beginners using an online broker is that they often include educational resources for new investors who want a little hand-holding to start out with. These services are usually free.

Opening an online brokerage account is similar to most online applications. You will need to provide a username and password, contact information, and proof of identification. You will also need to identify what account type you are opening (trading or investment) and select your base trading currency.

Some online brokerage accounts will require a minimum deposit to get you started. For the most part though, the fees you will mainly pay are trading fees, which usually range from about $4-$7 on a per-trade basis.

You can easily find online brokers offering promotions in order to entice new customers to use their services. While it isn’t wise to choose a broker solely on their promotional offers (it’s probably better to choose a broker that charges smaller trading fees, as these will eat away at your returns) this might help you choose your first account if your options are looking similar. Search around online to find yourself the best online broker.

Funding your brokerage account

This might be obvious to some of you but will need to actually put money into your brokerage account if you want to buy/trade shares. You can transfer funds to your brokerage account using a savings account.

In case of a margin account, you can borrow money from your broker to buy a stock. However, a significant disadvantage of the margin account is a higher minimum balance requirement. 

I’m ready to purchase my first Marijuana Stock

Everything you’ve learned up until now comes down to this part. If you feel like we’ve been teasing you, just know we did it out of love. Purchasing your very first cannabis stock can be nerve-wracking and confusing, but with all the knowledge you’ve accrued by now, we think you’re ready. By the end of this article, you will be ready to place your first order.

Types of stock orders

Buying cannabis stocks is like buying anything else online, except you won’t be getting any cheap knock-off products from China in place of what you thought you were buying.

You’ll have to pick the one that best suits your requirements. Your purchase method will depend on your financial boundaries, your capacity to take on risk, your predictions of the market, and your expectations.

The cannabis industry in Australia and internationally has escalated exponentially. Investment in cannabis markets worldwide are attracting significant attention. Organic Cannabis is seeking to lead the way in research production cultivation and development. 


Marijuana Stocks And Cannabis Companies To Watch

Cannabis flower
U.S. Pot Grower Harvest To Buy Verano In $850 Million Deal; Marijuana Stocks MixedU.S. cannabis grower and retailer Harvest Health & Recreation (OTC: HRVSF) on Monday said it agreed to acquire Illinois-based peer Verano Holdings in an all-stock deal valued at around $850 million, the... Read More
Aurora Cannabis Begins Cannabis Oil Sales To GermanyCanadian marijuana producer Aurora Cannabis on Monday said it had begun selling cannabis oil to pharmacies in Germany, strengthening its position in what executives expect to be one of the bigger medical... Read More
Stock Market Rally Falters; Jobs Report, Ciena, Salesforce, Tesla: Weekly ReviewThe stock market rally faced its first real pullback, ending the Nasdaq's 10-week winning streak. After a wild Monday, growth stocks did not fare too badly. Ciena tumbled on weak gross margins,... Read More
Marijuana Stocks: Analyst Says Tilray Retail, Beverage Deals OverratedCanadian marijuana producer Tilray trails some of its rivals in the medical cannabis market, and investors might be placing "too much value" on its beverage- and retail-focused collaborations, a Jefferies analyst said... Read More
Marijuana Stocks To Watch As Cannabis Investing Takes OffAs buying marijuana becomes easier in Canada and legal in U.S. states, so has investing in it. The list of marijuana stocks to watch, in turn, has gotten longer. But as everyone... Read More

IPO Watch: Marijuana Stocks

Canadian pot producer Canopy Growth Corp. (CGC) in May began trading on the New York Stock Exchange. The Canopy IPO followed the debut of Cronos Group (CRON) on the Nasdaq in February. MedMen, a U.S. marijuana company valued at $1.65 billion, had its IPO in Canada in May as well. Still, the industry remains volatile, and inconsistent regulations could make expansion difficult.

Marijuana Vs. Beer And Tobacco

Big money is pouring into the legal cannabis market, potentially steering more U.S. consumers toward weed. Struggling beer and tobacco companies are using that trend to find new business. One approach is to look for opportunities within the increasingly popular products in MedMen's stores. For example, the cannabis drinks stacked in a refrigerator near the corner, or the sleek vaping devices and tins of prerolled joints. Read More

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  • 10 Top Pot Stocks 2019 Has to Offer

    Marijuana stocks suffered sharp losses over the past six months, but the cannabis industry is growing in prominence

    By JOSH ENOMOTO, InvestorPlace Contributor


    Source: Shutterstock

    [Editor’s note: This story was originally published in December 2018. It has since been updated and republished, but the author’s position may have shifted since its last publication.]

    Any cursory look at the markets would reveal that 2018 wasn’t the best year for investors. That goes for speculative assets as well, including marijuana stocks. Although going green has proven net positive for the early birds, the sector tanked heavily during the October selloff. Still, I wouldn’t drop them from your list of stocks to buy just yet.

    Despite their well-publicized fall from grace, several marijuana stocks have stabilized from their severe correction. While that’s no guarantee that the industry is done spilling blood, the deflated prices will almost certainly attract speculators. Should enough risk-takers enter the arena, publicly traded cannabis companies will jump higher, even if it’s only a temporary swing.

    However, some other factors suggest that marijuana stocks may enjoy a sustained rise. First, none of the big waves currently spooking benchmark indices affect the legal cannabis industry. Whether it’s political unrest in the Middle East, the spiraling protests in Paris or the ugly Huawei controversy, marijuana, for now, is mostly a North American issue.

    Second, medical cannabis, on the one hand, potentially offers significant social utility. A stunning Bloomberg article analyzed whether Gilead Sciences (NASDAQ:GILD) made the right business decision in producing a drug that cured diseases rather than managing them. The perception exists that big pharma companies should focus primarily focus on revenue generation rather than medical breakthroughs.

    On the other hand, medical marijuana companies have no such quandaries. Because they are typically much smaller outfits, they don’t mind the inability to patent a naturally occurring plant. If anything, an organization that produces a proven, effective cannabis strain would represent a buyout target. This asymmetry challenges Big Pharma, but makes marijuana-based pharmaceuticals among the best stocks to buy.

    While the sector remains risky, the deflated market environment offers attractive deals on these 10 marijuana stocks.