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How to Buy Cannabis Stocks on Fidelity

5/5

Fidelity is one of the largest and most trusted brokerages in the United States with over $11 trillion in assets under administration. It offers commission-free trading on stocks and ETFs, extensive research tools, and — critically for cannabis investors — full access to OTC Markets. Fidelity is often recommended as the best overall broker for cannabis stock investing because it combines zero-cost OTC trading with institutional-grade research.

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 and ETF trades including OTC stocks
  • Full access to OTC Markets (Pink Sheets, OTCQX, OTCQB)
  • Excellent research tools and screeners
  • Fractional share trading on thousands of stocks
  • No account minimums for brokerage accounts
  • 24/7 customer support with US-based representatives
  • Strong retirement account options (IRA, 401k rollover)

Cons

  • User interface can feel dated compared to newer platforms
  • Mutual fund selection may overwhelm beginners
  • International stock trading requires separate application
  • Mobile app has a steeper learning curve

Key Features

Commission-free tradesOTC stock accessFractional sharesActive Trader Pro desktop platformExtensive research & screenersRetirement accounts (IRA, Roth IRA, SEP)Cash management accountBasket trading

How to Buy Cannabis Stocks on Fidelity: Step by Step

  1. 1

    Visit fidelity.com and click 'Open an Account' — choose individual brokerage

  2. 2

    Complete the application with personal details and SSN

  3. 3

    Fund your account via electronic funds transfer (EFT) from your bank

  4. 4

    Navigate to the research section and search for your cannabis ticker

  5. 5

    Review the stock quote page — check fundamentals, news, and analyst opinions

  6. 6

    Click 'Trade' and enter your order: market or limit, share quantity

  7. 7

    For OTC cannabis stocks, use limit orders to control your entry price

  8. 8

    Confirm the order and track your position in the Positions tab

Frequently Asked Questions

Can I buy OTC cannabis stocks on Fidelity?
Yes. Fidelity 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 Fidelity?
Fidelity charges $0 commission on stock trades. The account minimum is $0. OTC fee: $0. Inactivity fee: None.
Can I buy Canadian cannabis stocks on Fidelity?
Yes. Fidelity 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 Fidelity 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 Fidelity. ETFs are a good way to get diversified cannabis exposure without picking individual stocks.
What cannabis stocks can I buy on Fidelity?
On Fidelity, 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 Fidelity to open an account. Always verify current fees and features on their site.

Visit Fidelity

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