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How to Buy Cannabis Stocks on E*TRADE

4/5

E*TRADE, now owned by Morgan Stanley, is a well-established online brokerage offering commission-free trading and solid research tools. It provides access to OTC stocks, making it suitable for cannabis investors who want to trade MSO stocks. The Power E*TRADE platform offers active-trading tools while the standard platform covers everyday investing needs.

Cannabis Stock Access

OTC Stocks

US MSOs like TCNNF, GTBIF, CRLBF

Canadian Stocks

TSX/CSE-listed LPs

Cannabis ETFs

MSOS, MJ, YOLO, HMMJ

Penny Stocks

Stocks trading under $1

Fee Breakdown

Fee TypeAmount
Stock & ETF Commission$0
Account Minimum$0
OTC Trading Fee$0
Inactivity FeeNone

Pros

  • Commission-free stock, ETF, and OTC trades
  • OTC Markets access for cannabis MSO stocks
  • Power E*TRADE platform for active traders
  • Morgan Stanley research integration
  • Managed portfolio options available
  • Prebuilt and custom stock screeners
  • Retirement accounts with automatic investing

Cons

  • Mobile app can be inconsistent between standard and Power E*TRADE
  • No fractional share trading
  • Limited international stock access
  • Some advanced features require the Power E*TRADE platform
  • Customer support wait times can be long

Key Features

Commission-free tradesOTC stock accessPower E*TRADE platformMorgan Stanley researchStock screenersRetirement accountsManaged portfoliosOptions analysis tools

How to Buy Cannabis Stocks on E*TRADE: Step by Step

  1. 1

    Visit etrade.com and click 'Open an Account'

  2. 2

    Choose individual brokerage account and complete the application

  3. 3

    Fund your account via ACH transfer from your bank

  4. 4

    Use the stock screener to filter for cannabis sector stocks

  5. 5

    Search individual tickers — both exchange-listed and OTC cannabis stocks

  6. 6

    Review research reports and analyst ratings on the stock detail page

  7. 7

    Click 'Trade' and submit a limit or market order

  8. 8

    Use Power E*TRADE for more advanced charting and trade management

Frequently Asked Questions

Can I buy OTC cannabis stocks on E*TRADE?
Yes. E*TRADE provides full access to OTC Markets (OTCQX, OTCQB, and Pink Sheets), which means you can trade US multi-state operators like Curaleaf (CRLBF), Green Thumb Industries (GTBIF), and Trulieve (TCNNF).
What are the fees for trading cannabis stocks on E*TRADE?
E*TRADE charges $0 commission on stock trades. The account minimum is $0. OTC fee: $0. Inactivity fee: None.
Can I buy Canadian cannabis stocks on E*TRADE?
Yes. E*TRADE supports trading Canadian cannabis stocks. Many Canadian licensed producers are cross-listed on US exchanges (TLRY on NASDAQ, CGC on NASDAQ), making them accessible. Some platforms also offer direct access to TSX and CSE.
Is E*TRADE good for cannabis ETFs?
Yes. You can trade cannabis ETFs like MSOS (AdvisorShares Pure US Cannabis ETF), MJ (ETFMG Alternative Harvest ETF), and YOLO (AdvisorShares Pure Cannabis ETF) on E*TRADE. ETFs are a good way to get diversified cannabis exposure without picking individual stocks.
What cannabis stocks can I buy on E*TRADE?
On E*TRADE, you can buy virtually all publicly traded cannabis stocks including exchange-listed names (TLRY, CGC, ACB, SNDL), OTC-traded US MSOs (TCNNF, GTBIF, CRLBF, CURLF), and cannabis ETFs (MSOS, MJ). This gives you the widest possible access to the cannabis stock market.

Ready to start trading cannabis stocks?

Visit E*TRADE to open an account. Always verify current fees and features on their site.

Visit E*TRADE

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This guide is for educational purposes only and does not constitute financial advice or a recommendation to use E*TRADE. Cannabismarketcap may receive compensation from broker partners. Fees, features, and available securities are subject to change — always verify current terms on E*TRADE's official website before opening an account or placing trades.