3 Surprising Ways to Invest in Legal Cannabis

Last updated Aug. 25, 2022 | By FinanceBuzz Editors
cannabis in hands holding weed

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No matter which cannabis market you're interested in or which aspect of the marijuana industry you want to invest in, you have many options to buy cannabis. There are pot stocks available on the New York Stock Exchange, NASDAQ, and over the counter.

You can also buy exchange traded funds, which hold a variety of assets, such as stocks in multiple different marijuana companies. ETFs make it easy to hold a more diversified portfolio within the cannabis industry and typically require less attention from the individual investor as well.

Here are some of the most popular ways to invest in the legal cannabis industry: 

You can invest in the legal cannabis industry with just $10

Forget the gold rush — the green rush is here. With changes to federal and state law making legal cannabis more accessible, the legal cannabis industry could become a multi-billion dollar industry over the next 10 years. 1 And, you can invest in it on Stash. 2 (Just remember that all investments come with risk).

While stock shares of companies in this industry can be expensive to buy, Stash lets you invest in the legal cannabis industry with just $5 or less. You can buy partial shares of companies related to legal CBD and cannabis, and Stash’s Diversification Analysis tool can help you build and diversify your portfolio from there. 

As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio. 3 Want even more tools and guidance? If you choose the Stash+ plan 4 when signing up, you can earn 2x stock rewards 5 when you spend with Stash’s Stock-Back® Card 6 on eligible purchases! 7

Sign up for Stash now

Buy and sell legal weed stocks commission-free

Wall Street estimates that the legal cannabis industry will grow by as much as 853% by 2024, and the market is projected to hit $66.3 billion by the end of 2025. While returns aren't guaranteed, it's safe to say this is a hot investment right now. And now, you can invest in the industry yourself with Robinhood.

Robinhood lets you invest in marijuana with as little as $1, and all trading is commission-free with no account minimums or maintenance fees. Plus, when you sign up you may be able to get a free stock in a company like Apple, Amazon, or Ford.

Robinhood also offers plenty of education to help you get started, and lets you take a hands-off approach with their automatic saving and investing tools. Sign up using the link below and Robinhood will add 1 free share of stock (valued at $2.50 to $225) to your account when your brokerage application is approved.

Invest in cannabis with Robinhood

See what cannabis stocks the pros are investing in

You don't need to wait until you have tons of money saved up to start investing in marijuana-related companies and ETFs. With Public, you can start investing in the legal marijuana industry with just $5.

Public lets you invest in 1000s of stocks and ETFs with zero commissions and no account minimums. They offer fractional shares — slices of stocks — which means anyone can invest in cannabis-related companies. Normally a single share of these companies could cost hundreds (or even thousands!) of dollars, but you only need $5 to get started with Public.

You can even follow other investors and see their cannabis-related portfolio picks, making it easier to build your investment strategy for legal weed.

How to get your free $10 in stock: 1) Create your account and use the code BUZZ10. 2) Get your account approved. 3) Fund your account with as little as $1. Don’t skip this! Once your account is funded, you can claim your free $10 in stock! 8

Sign up for Public

Stash Benefits

  • Get $10 to make your first investment
  • Invest in stocks, bonds, and ETFs
  • Fractional shares available
  • Start investing with just $1