🍁

How to Buy Cannabis Stocks on Questrade

4/5

Questrade is Canada's largest independent online brokerage and the best option for Canadian residents who want to invest in cannabis stocks. It offers direct access to the TSX, CSE, and US exchanges, allowing Canadians to trade both domestic LPs and US-listed cannabis companies. Questrade also provides commission-free ETF purchases, making cannabis ETFs particularly accessible.

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$4.95 – $9.95 per trade
Account Minimum$1,000 (TFSA/RRSP: $0)
OTC Trading Fee$4.95 – $9.95 per trade (US OTC)
Inactivity Fee$24.95/quarter (waived with $1,000+ balance)

Pros

  • Direct access to TSX, TSXV, CSE, NYSE, NASDAQ, and OTC markets
  • Commission-free ETF purchases (including cannabis ETFs)
  • Competitive stock commissions starting at $4.95/trade
  • Registered account options: TFSA, RRSP, RESP (unique to Canada)
  • Questrade Edge platform with advanced charting
  • No account transfer-out fees
  • Practice accounts available

Cons

  • Stock commissions are not free ($4.95–$9.95 per trade)
  • Currency conversion fees for cross-border trades (1.5–2%)
  • ECN fees add to the cost of some orders
  • Platform can be slow during high-volume periods
  • Limited mutual fund selection compared to Big Five banks

Key Features

TSX, CSE, US exchange accessFree ETF purchasesQuestrade Edge platformTFSA and RRSP accountsPractice accountsForex tradingPortfolio IQ robo-advisorDRIPs available

How to Buy Cannabis Stocks on Questrade: Step by Step

  1. 1

    Visit questrade.com and open a self-directed trading account (TFSA, RRSP, or margin)

  2. 2

    Complete identity verification — Canadian SIN required

  3. 3

    Fund your account via EFT from a Canadian bank, wire, or bill payment

  4. 4

    Search for cannabis stocks on the TSX (e.g., WEED, TLRY.TO) or CSE (e.g., CURA, GTII)

  5. 5

    For US cannabis stocks, search OTC tickers (TCNNF, GTBIF) — note currency conversion applies

  6. 6

    Review the stock profile, charts, and recent news on Questrade Edge

  7. 7

    Place your order — choose CAD or USD account to minimize conversion fees

  8. 8

    Buy cannabis ETFs commission-free: HMMJ.TO (Horizons Marijuana ETF)

Frequently Asked Questions

Can I buy OTC cannabis stocks on Questrade?
Yes. Questrade 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 Questrade?
Questrade charges $4.95 – $9.95 per trade commission on stock trades. The account minimum is $1,000 (TFSA/RRSP: $0). OTC fee: $4.95 – $9.95 per trade (US OTC). Inactivity fee: $24.95/quarter (waived with $1,000+ balance).
Can I buy Canadian cannabis stocks on Questrade?
Yes. Questrade 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 Questrade 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 Questrade. ETFs are a good way to get diversified cannabis exposure without picking individual stocks.
What cannabis stocks can I buy on Questrade?
On Questrade, 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 Questrade to open an account. Always verify current fees and features on their site.

Visit Questrade

Compare Other Platforms

🏛ïļFidelity

Best overall broker for cannabis stocks — full OTC access with zero commissions

View Guide
ðŸ”ĩCharles Schwab

Full OTC access combined with professional-grade analysis tools

View Guide
ðŸŸĒTD Ameritrade

Former TD Ameritrade users — new accounts should go directly to Charles Schwab

View Guide
ðŸŠķRobinhood

Beginners who only want to trade major-exchange cannabis stocks and ETFs

View Guide

All Platform Reviews

Compare all 10 brokers for cannabis stock investing side by side.

Browse Cannabis Stocks

Explore all publicly traded cannabis companies with live prices and financials.

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