Most Actively Traded Cannabis Stocks
Updated March 2026Cannabis stocks with the highest daily trading volume. The most liquid and actively traded marijuana stocks.
Trading volume is a critical consideration for cannabis stock investors because it directly impacts your ability to enter and exit positions efficiently. Stocks with high daily trading volume have tighter bid-ask spreads, less price slippage on market orders, and are less susceptible to manipulation by large individual traders. In a sector where many stocks suffer from poor liquidity, knowing which names trade the most actively can save you real money on transaction costs.
The most actively traded cannabis stocks tend to be the largest companies by market cap, dual-listed names available on major exchanges (NASDAQ, NYSE), and stocks experiencing significant news flow or speculative interest. Retail investor participation is particularly high in cannabis, meaning some smaller or more speculative names can see enormous volume spikes around catalysts — sometimes trading more shares in a single day than their entire float.
The ranking below lists cannabis stocks by daily trading volume from highest to lowest. This data is useful for identifying which stocks offer the best liquidity for active trading strategies, which names are seeing unusual volume that might signal developing trends, and which stocks are liquid enough for larger position sizes. Note that volume can vary significantly day to day, so consider the average over multiple sessions rather than relying on a single day's figure.
Most Actively Traded Cannabis Stocks — Full Rankings
30 stocks · Ranked by daily volume
| # | Ticker | Name | Price | Change | Market Cap | Revenue | Margin | P/S | Daily Volume |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CGC | Canopy Growth | $1.02 | -2.86% | $385.4M | $278.4M | 28.8% | 1.38x | 7.5M |
| 2 | CBSTF | The Cannabist Company | $0.03 | +4.29% | $14.6M | $0 | — | — | 5.4M |
| 3 | MSOS | AdvisorShares Pure US Cannabis ETF | $3.82 | +1.33% | $764.3M | $0 | — | — | 5.0M |
| 4 | CURLF | Curaleaf Holdings | $2.36 | +2.83% | $1.80B | $0 | — | — | 2.7M |
| 5 | CRLBF | Cresco Labs | $0.97 | -0.27% | $346.1M | $0 | — | — | 2.7M |
| 6 | VFF | Village Farms International | $2.87 | -6.51% | $331.5M | $253.3M | 38.7% | 1.31x | 2.3M |
| 7 | TSNDF | TerrAscend Corp | $0.68 | +0.37% | $261.4M | $0 | — | — | 2.0M |
| 8 | TLRY | Tilray Brands | $6.89 | -1.57% | $802.7M | $837.3M | 26.4% | 0.96x | 1.9M |
| 9 | MAPS | WM Technology (Weedmaps) | $0.68 | -7.27% | $73.0M | $174.7M | 94.9% | 0.42x | 1.4M |
| 10 | CRON | Cronos Group | $2.50 | +0.81% | $947.6M | $146.6M | 36.4% | 6.46x | 1.2M |
| 11 | GTBIF | Green Thumb Industries | $6.56 | +7.01% | $1.54B | $0 | — | — | 1.2M |
| 12 | SNDL | SNDL Inc | $1.51 | -5.03% | $388.8M | $0 | — | — | 1.2M |
| 13 | SMG | Scotts Miracle-Gro | $60.96 | +0.96% | $3.54B | $3.35B | 25.0% | 1.06x | 1.1M |
| 14 | ACRHF | Acreage Holdings | $0.00 | -4.76% | $323.6K | $0 | — | — | 928.5K |
| 15 | PNXP | Pineapple Express Cannabis | $0.00 | +111.11% | $94.2K | $0 | — | — | 907.1K |
| 16 | ZYNE | Zynerba Pharmaceuticals | $1.30 | +3.17% | $33.8M | $0 | — | — | 862.8K |
| 17 | JAZZ | Jazz Pharmaceuticals | $178.55 | -1.66% | $10.99B | $4.16B | — | 2.64x | 827.5K |
| 18 | CCHWF | Columbia Care | $1.14 | -4.20% | $232.6M | $0 | — | — | 814.6K |
| 19 | OGI | Organigram Holdings | $1.41 | -2.76% | $190.6M | $0 | — | — | 565.6K |
| 20 | CVSI | CV Sciences | $0.04 | -12.42% | $6.5M | $0 | — | — | 530.8K |
| 21 | ACB | Aurora Cannabis | $3.43 | -3.65% | $194.5M | $0 | — | — | 514.2K |
| 22 | NDVAF | Indiva | $0.02 | -10.09% | $4.1M | $0 | — | — | 511.0K |
| 23 | TPB | Turning Point Brands | $90.62 | +0.69% | $1.73B | $463.1M | 55.9% | 3.75x | 366.7K |
| 24 | THCX | Cannabis ETF | $16.60 | -0.26% | $33.2M | $0 | — | — | 348.8K |
| 25 | PLNHF | Planet 13 Holdings | $0.91 | +5.21% | $295.8M | $0 | — | — | 333.1K |
| 26 | HITI | High Tide Inc | $2.46 | +2.50% | $216.1M | $0 | — | — | 316.5K |
| 27 | YCBD | cbdMD Inc | $0.71 | -0.75% | $7.5M | $19.1M | 59.8% | 0.39x | 311.3K |
| 28 | HEXO | HEXO Corp | $0.71 | +5.62% | $68.9M | $0 | — | — | 305.5K |
| 29 | CWBHF | Charlotte's Web Holdings | $0.62 | -0.22% | $99.3M | $0 | — | — | 274.4K |
| 30 | CBWTF | Auxly Cannabis Group | $0.09 | +1.07% | $111.6M | $0 | — | — | 243.0K |
Top 3 Spotlight
Canopy Growth
Canopy Growth ranks #1 in the most actively traded cannabis stocks category with a share price of $1.02 and a market capitalization of $385.4M. The company operates in the LP sector and is listed on the NASDAQ. With trailing twelve-month revenue of $278.4M and a gross margin of 28.8%, CGC represents the top-ranked stock in this category based on daily volume.
The Cannabist Company
The Cannabist Company ranks #2 in the most actively traded cannabis stocks category with a share price of $0.03 and a market capitalization of $14.6M. The company operates in the MSO sector and is listed on the OTC. With trailing twelve-month revenue of $0 and a gross margin of N/A, CBSTF represents the second-ranked stock in this category based on daily volume.
AdvisorShares Pure US Cannabis ETF
AdvisorShares Pure US Cannabis ETF ranks #3 in the most actively traded cannabis stocks category with a share price of $3.82 and a market capitalization of $764.3M. The company operates in the ETF sector and is listed on the NYSE. With trailing twelve-month revenue of $0 and a gross margin of N/A, MSOS represents the third-ranked stock in this category based on daily volume.
Methodology
All cannabis companies tracked by CannaCap are ranked in descending order by daily trading volume, regardless of sector, geography, or other factors. Data is sourced from company filings, exchange feeds, and financial data providers. Rankings update automatically as new data becomes available. All financial figures are based on trailing twelve-month (TTM) data unless otherwise noted. The current ranking includes 30 qualifying stocks out of 100 total cannabis companies tracked by Cannabismarketcap.
Key Observations
The top-ranked stock in the most actively traded cannabis stocks category is CGC (Canopy Growth) with a daily volume of 7.5M. The stock trades at $1.02 per share with a market capitalization of $385.4M. In second place is CBSTF (5.4M), followed by MSOS (5.0M) in third.
Across all 30 qualifying stocks, the average share price is $12.98 and the average market capitalization is $846.9M. The combined trailing twelve-month revenue of all companies in this category is $9.68B. The average gross margin among companies with positive margins is 45.7%. The average price-to-sales ratio is 2.04x.
The most represented sector in this category is LP with 11 out of 30 companies (37%). Among the ranked stocks, 14 are trading higher today while 16 are trading lower. Investors should use these observations as a starting point for further research rather than as the basis for trading decisions.
Investment Considerations
When evaluating stocks in the most actively traded cannabis stocks category, consider looking beyond the primary ranking metric to build a holistic view of each company. A stock that ranks well by daily volume may have weaknesses in other areas — such as high debt, poor margins, or slowing growth — that the ranking alone does not capture. Cross-reference this list with other Cannabismarketcap category pages and the screener tool to identify stocks that score well across multiple dimensions.
Position sizing is particularly important in cannabis. The sector is inherently volatile, and even the strongest companies can experience 30-50% drawdowns during sector-wide sell-offs triggered by legislative disappointments or broader market risk-off events. Most financial advisors suggest limiting total cannabis exposure to 5-15% of your portfolio, and individual positions to 1-3% depending on your risk tolerance and conviction level.
Dollar-cost averaging (DCA) is a widely recommended approach for building cannabis stock positions over time. Rather than investing your entire allocation at a single price point, spreading purchases across weeks or months can reduce the impact of short-term volatility and lower your average cost basis if prices decline after your initial purchase. This strategy is particularly relevant for the stocks in this category given the sector's history of sharp and sometimes prolonged drawdowns.
Risk Factors
Risk Warning
High trading volume does not indicate a stock is a good investment — it only indicates that many shares are changing hands. Some of the most actively traded cannabis stocks are also among the most volatile and speculative. Volume can be driven by day traders, momentum algorithms, and speculative positioning around news events, creating price action that has little connection to fundamental business value. Conversely, low-volume cannabis stocks carry the risk of illiquidity — difficulty exiting positions during sell-offs, potential for wide bid-ask spreads consuming 2-5% of your investment, and vulnerability to price manipulation. Always consider volume alongside fundamental metrics when making investment decisions.
Compare These Stocks
Head-to-head comparisons between top-ranked stocks in this category.
Frequently Asked Questions
Why does trading volume matter for cannabis stocks?
Trading volume matters because it determines liquidity — your ability to buy and sell shares quickly at fair prices. High-volume cannabis stocks have tight bid-ask spreads (typically $0.01-0.03), meaning you pay very little in implicit transaction costs. Low-volume cannabis stocks may have spreads of $0.05-0.25 or more, meaning you lose a significant percentage of your investment to the spread alone. Volume also affects price stability — high-volume stocks are harder for individual traders to manipulate, while low-volume stocks can move dramatically on relatively small orders.
What is considered high volume for a cannabis stock?
In the cannabis sector, daily trading volume above 5 million shares is considered high, 1-5 million is moderate, and below 500,000 is low. Some of the most popular cannabis stocks regularly trade 10-30+ million shares per day. For comparison, a large-cap stock like Apple trades 40-60 million shares daily. Cannabis volume tends to spike significantly around earnings releases, legislative developments, and sector-wide catalysts — sometimes 3-10x normal levels during major news events.
How do I use volume data in my trading decisions?
Volume can be used in several ways. First, as a liquidity screen: only trade stocks with sufficient volume to enter and exit positions at reasonable prices given your position size. A general rule is that your trade should not exceed 1-2% of a stock's average daily volume. Second, as a confirmation tool: price movements on high volume are considered more significant than movements on low volume. A breakout above resistance on 3x normal volume is more meaningful than one on below-average volume. Third, as a sentiment indicator: unusual volume spikes can signal that institutional investors, insiders, or informed traders are accumulating or distributing shares.
Does volume differ significantly between exchanges for cannabis stocks?
Yes, dramatically. Cannabis stocks listed on NASDAQ or NYSE typically have much higher trading volumes than those on OTC Markets or the Canadian Securities Exchange. This is because major exchanges attract more retail and institutional participation, are accessible through all brokers without restrictions, and have more market makers providing liquidity. A cannabis stock that dual-lists on NASDAQ after previously trading only on OTC typically sees its volume increase 3-10x. Some OTC-listed cannabis stocks trade only a few thousand shares per day, making them essentially illiquid for most investors.
More on Cannabismarketcap
Disclaimer: The information on this page is for informational and educational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Cannabis stocks are highly speculative and carry significant risk of loss, including the potential loss of your entire investment. Past performance is not indicative of future results. The rankings and data presented are based on publicly available financial information and may contain errors or omissions. Always do your own research and consult with a qualified financial advisor before making investment decisions. Cannabismarketcap is not a registered investment advisor, broker-dealer, or financial planner.