Etrade Cannabis Stocks

Buying Cannabis (Marijuana) Stocks on Etrade in 2023

Can I trade marijuana stocks on Etrade? Does Etrade offer investing in U.S. and Canadian weed, hemp, CBD, medical cannabis stocks, ETFs, and mutual funds (MJ, Curaleaf, Aurora, Canopy Growth, Tilray)? Pot stocks buying cost.

Can I Buy Marijuana Stocks on Etrade?

Many medical cannabis stocks can be traded at Etrade. In fact, you can buy just about every marijuana stock, mutual fund or ETF with this broker, including all five of the biggest players in the cannabis industry: Aurora Cannabis (NYSE:ACB), Canopy Growth (NYSE:CGC), Cronos Group (NASDAQ:CRON), Curaleaf (NASDAQ:CURLF), and Tilray (NASDAQ:TLRY).

How much Etrade Marijuana Stock Trades Cost?

Etrade charges $0 for cannabis stocks trades but $19.99 on mutual funds. In comparison, Firstrade charges $0 on all stock, ETF, option, and mutual fund trades.

Most Popular Cannabis Stocks on Etrade

CompanySymbolMarket Cap
Aurora CannabisACB $2 billion
Canopy GrowthCGC $4 billion
Cronos GroupCRON $2 billion
CuraleafCURLF $6 billion
Trulieve CannabisTCNNF $6 billion
TilrayTLRY $3 billion

Top Brokers For Cannabis Stocks

Broker Review Promotion
Mutual Fund
Annual IRA
M1 Finance Get $10 cash bonus for $100 deposit at M1 Finance. $0 na $0 $0
WeBull 12 FREE stocks valued $34-$30,600 give-away at Webull. $0 na $0 $0
TD Ameritrade $0 commissions + transfer fee reimbursement. $0 $49.99 ($0 to sell) $0 $0

Buying Cannabis Stocks on Etrade

Several exchanges are available at Etrade, including the OTC markets. A cannabis stock that trades on the OTC QB is Aphria, Inc. (ticker APHQF). The stock also trades on the Toronto exchange under the ticker symbol APH.

Trading Marijuana stocks on Etrade

Aphria sells medical marijuana of various strains. It also conducts research and development in cannabis oil products. One of Aphria’s subsidiaries, Cannway Pharmaceuticals, specializes in helping veterans and first responders.

Etrade’s stock profile page has in-depth information on Aphria. Starting in 2015 at 71 cents per share, the stock has risen to $4.087. That’s a 576% increase in just over 2 years! The company has issued 138 million shares, which produces a market cap slightly above half a billion dollars. The stock’s average volume is 97,000 shares daily. An equity report from CFRA is available on Aphria free of charge via the Etrade website.

Etrade also provides information on insider activity, such as planned sales and the award of stock options. The broker’s website shows when the company’s next earnings date is, but doesn’t show much in terms of past results. The stock currently has a price/earnings multiple of 67.64, which is very high. Aphria does not pay a dividend.

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Platform and User Interface

The two ways to access Etrade are through its website and mobile application. The main strength of the Etrade platform is its user friendliness. Upon logging in, there is a clean view of all accounts within your portfolio as well as any news pertaining to your holdings or tracked investments. For example, if there was a recent earning announcement for one of your holdings, you can access a report right from the news panel. On the right-hand side are Account Notifications where you can see anything from a dividend paid out to a transaction being executed. The top navigation bar helps switch between account view, trading, research, and investment planning.

Compared to some online brokers, Etrade Mobile is where the largest difference lies. The application is well designed, clean, and the most user friendly out of all other broker’s offerings. The largest strength of the application is that there is nearly no loss in functionality in switching between using the desktop site and the application. Access includes all your portfolios, investment watch lists, research features, analyst reports, All-Star Fund lists hand-picked by professionals, and the ability to execute trades while on the go.

Etrade review: mobile

Another perk of using Etrade’s platform is customer support. Etrade is an excellent starting point for young investors just getting started with investing. Etrade offers a large library of educational resources that cover topics from retirement planning, how to analyze stocks, trading strategies, risk measurement, and more. Other tools offered include Risk Analyzer, Virtual Advisor, and Portfolio Analyzer.

Online Broker Comparison

Etrade’s user friendly design and top notch research and education tools separate it from other online brokers, especially for the young investor. While its commissions are competitive, they are unable to match the lower fees of Chase or Webull. Investors looking for the lowest fees would be better off elsewhere, but investors looking for an all-inclusive broker with a large investment lineup, stellar research tools, and a clean interface could consider Etrade for their investment needs.

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for, Chad can usually be found managing his portfolio or building a new home computer.