Best Cannabis Penny Stocks Under $1
Updated March 2026The lowest-priced cannabis stocks trading below $1, ranked by market cap. High-risk, high-reward marijuana penny stocks.
Cannabis penny stocks trading below $1.00 represent the most speculative corner of the marijuana stock market. These are companies whose share prices have either been beaten down from much higher levels or that are early-stage businesses still building out operations. While the potential for multi-bagger returns exists — a stock moving from $0.20 to $0.60 is a 200% gain — the risks are proportionally severe.
Many sub-dollar cannabis stocks trade on OTC Markets where reporting requirements are less stringent, liquidity is thinner, and bid-ask spreads can consume a meaningful percentage of your investment on day one. Some of these companies have legitimate operations with real revenue, while others may be little more than shell companies or development-stage entities with minimal assets.
The ranking below sorts sub-$1 cannabis stocks by market capitalization to surface the names with the most substantial business footprints. Even within this ultra-low-price tier, market cap varies enormously — some companies have hundreds of millions of shares outstanding, resulting in market caps above $50 million despite a sub-dollar stock price.
Best Cannabis Penny Stocks Under $1 — Full Rankings
30 stocks · Ranked by market cap
| # | Ticker | Name | Price | Change | Market Cap | Revenue | Margin | P/S | Market Cap |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CRLBF | Cresco Labs | $0.97 | -0.27% | $346.1M | $0 | — | — | $346.1M |
| 2 | PLNHF | Planet 13 Holdings | $0.91 | +5.21% | $295.8M | $0 | — | — | $295.8M |
| 3 | TSNDF | TerrAscend Corp | $0.68 | +0.37% | $261.4M | $0 | — | — | $261.4M |
| 4 | GDNSF | Vireo Growth (Goodness Growth) | $0.44 | -1.12% | $182.2M | $0 | — | — | $182.2M |
| 5 | CBWTF | Auxly Cannabis Group | $0.09 | +1.07% | $111.6M | $0 | — | — | $111.6M |
| 6 | CWBHF | Charlotte's Web Holdings | $0.62 | -0.22% | $99.3M | $0 | — | — | $99.3M |
| 7 | JUSHF | Jushi Holdings | $0.49 | -0.26% | $96.4M | $0 | — | — | $96.4M |
| 8 | MAPS | WM Technology (Weedmaps) | $0.68 | -7.27% | $73.0M | $174.7M | 94.9% | 0.42x | $73.0M |
| 9 | HEXO | HEXO Corp | $0.71 | +5.62% | $68.9M | $0 | — | — | $68.9M |
| 10 | AAWH | Ascend Wellness Holdings | $0.49 | -0.89% | $47.0M | $0 | — | — | $47.0M |
| 11 | GRAMF | TPCO Holding (The Parent Company) | $0.16 | -12.99% | $45.7M | $0 | — | — | $45.7M |
| 12 | DBCCF | Decibel Cannabis Co | $0.09 | +7.20% | $36.1M | $0 | — | — | $36.1M |
| 13 | VEXTF | Vext Science | $0.19 | 0.00% | $34.2M | $0 | — | — | $34.2M |
| 14 | CXXIF | C21 Investments | $0.28 | +3.61% | $33.5M | $0 | — | — | $33.5M |
| 15 | MRMD | MariMed Inc | $0.08 | +8.14% | $32.3M | $0 | — | — | $32.3M |
| 16 | ETST | Earth Science Tech | $0.11 | -5.17% | $32.2M | $0 | — | — | $32.2M |
| 17 | AVTBF | Avant Brands | $0.52 | +3.82% | $28.6M | $0 | — | — | $28.6M |
| 18 | ITHUF | iAnthus Capital Holdings | $0.00 | -11.82% | $26.1M | $0 | — | — | $26.1M |
| 19 | CNTMF | Fluent Inc | $0.04 | -3.85% | $23.0M | $0 | — | — | $23.0M |
| 20 | PKANF | Simply Better Brands | $0.21 | 0.00% | $22.2M | $0 | — | — | $22.2M |
| 21 | MEDIF | MediPharm Labs | $0.05 | +1.78% | $19.1M | $0 | — | — | $19.1M |
| 22 | VVIVF | Vivo Cannabis | $0.11 | 0.00% | $17.7M | $0 | — | — | $17.7M |
| 23 | ROMJF | Rubicon Organics | $0.35 | +0.22% | $17.2M | $0 | — | — | $17.2M |
| 24 | GWAYF | Greenway Greenhouse Cannabis | $0.12 | -3.62% | $15.3M | $0 | — | — | $15.3M |
| 25 | CBSTF | The Cannabist Company | $0.03 | +4.29% | $14.6M | $0 | — | — | $14.6M |
| 26 | MTLNF | MTL Cannabis Corp | $0.39 | 0.00% | $14.3M | $0 | — | — | $14.3M |
| 27 | UNRV | Unrivaled Brands | $0.75 | 0.00% | $8.3M | $0 | — | — | $8.3M |
| 28 | YCBD | cbdMD Inc | $0.71 | -0.75% | $7.5M | $19.1M | 59.8% | 0.39x | $7.5M |
| 29 | PCLOF | PharmaCielo | $0.04 | -26.40% | $7.4M | $0 | — | — | $7.4M |
| 30 | OILFF | Nextleaf Solutions | $0.04 | +1.93% | $7.1M | $0 | — | — | $7.1M |
Top 3 Spotlight
Cresco Labs
Cresco Labs ranks #1 in the best cannabis penny stocks under $1 category with a share price of $0.97 and a market capitalization of $346.1M. 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, CRLBF represents the top-ranked stock in this category based on market cap.
Planet 13 Holdings
Planet 13 Holdings ranks #2 in the best cannabis penny stocks under $1 category with a share price of $0.91 and a market capitalization of $295.8M. 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, PLNHF represents the second-ranked stock in this category based on market cap.
TerrAscend Corp
TerrAscend Corp ranks #3 in the best cannabis penny stocks under $1 category with a share price of $0.68 and a market capitalization of $261.4M. 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, TSNDF represents the third-ranked stock in this category based on market cap.
Methodology
Stocks are filtered to include only cannabis companies with a share price below $1.00 and ranked in descending order by market capitalization. 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 best cannabis penny stocks under $1 category is CRLBF (Cresco Labs) with a market cap of $346.1M. The stock trades at $0.97 per share with a market capitalization of $346.1M. In second place is PLNHF ($295.8M), followed by TSNDF ($261.4M) in third.
Across all 30 qualifying stocks, the average share price is $0.35 and the average market capitalization is $67.5M. The combined trailing twelve-month revenue of all companies in this category is $193.8M. The average gross margin among companies with positive margins is 77.4%. The average price-to-sales ratio is 0.40x.
The most represented sector in this category is MSO with 14 out of 30 companies (47%). Among the ranked stocks, 12 are trading higher today while 13 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 best cannabis penny stocks under $1 category, consider looking beyond the primary ranking metric to build a holistic view of each company. A stock that ranks well by market cap 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
Sub-$1 cannabis stocks carry extreme risk. These companies face potential delisting, may have going-concern warnings from auditors, and often carry significant debt relative to their equity. Liquidity is frequently poor, meaning you may not be able to exit a position at your desired price. Many sub-$1 stocks have histories of repeated dilution through toxic convertible notes, at-the-market offerings, and warrant exercises. Bankruptcy, reverse mergers, and reverse splits are common outcomes. Never invest more than you can afford to lose entirely in this price tier.
Compare These Stocks
Head-to-head comparisons between top-ranked stocks in this category.
Frequently Asked Questions
Can cannabis penny stocks under $1 actually make money for investors?
Yes, but the odds are heavily stacked against you. While individual sub-$1 cannabis stocks have occasionally delivered 500%+ returns during sector rallies, the majority of companies in this price range continue to decline over time due to ongoing dilution, cash burn, and deteriorating fundamentals. Studies of penny stocks across all sectors show that the vast majority underperform the broader market over multi-year periods. If you do invest, consider it speculative capital and size positions accordingly.
What should I watch out for with sub-$1 cannabis stocks?
Key red flags include companies that have not filed financial reports on time, auditors issuing going-concern opinions, management with histories of failed ventures, frequent changes in auditors or executives, and capital structures loaded with toxic convertible notes (which allow lenders to convert debt into shares at a discount, creating constant selling pressure). Also watch the share count — if outstanding shares have tripled in the past year, the company is aggressively diluting existing shareholders.
Which brokers allow trading cannabis penny stocks under $1?
Most major brokers including Charles Schwab, Fidelity, and Interactive Brokers support OTC stock trading, though some charge additional fees for penny stocks or require phone orders for thinly-traded names. Schwab and Fidelity generally offer commission-free OTC trades, while Interactive Brokers may charge a small per-share fee. Some brokers restrict trading in certain OTC tiers (Pink No Information, for example). Verify with your broker before placing an order.
Is it better to buy one cannabis penny stock or diversify across several?
Diversification is strongly recommended in this space because the failure rate of individual sub-$1 stocks is high. Rather than concentrating your speculative allocation into a single name, spreading it across 5-10 positions increases the probability that at least one holding will deliver a meaningful return. This approach also reduces the impact of any single company going to zero. Think of sub-$1 cannabis stocks as a portfolio of call options where most will expire worthless but one winner can cover the losses.
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.