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How to Buy Cannabis Stocks on TD Ameritrade

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TD Ameritrade has been fully integrated into Charles Schwab as of 2023. Existing TD Ameritrade accounts have been migrated to Schwab, but the thinkorswim platform lives on as Schwab's flagship active trading tool. TD Ameritrade was historically one of the most popular brokers for cannabis stock trading due to its zero-commission OTC trades and powerful charting capabilities.

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

  • Legacy accounts now benefit from full Schwab infrastructure
  • thinkorswim platform remains best-in-class for active traders
  • Commission-free trading on all stock and ETF trades
  • Full OTC Markets access preserved under Schwab
  • Extensive educational content and webinars
  • Paper trading available on thinkorswim

Cons

  • No longer accepting new TD Ameritrade accounts — redirects to Schwab
  • Account migration may have caused temporary disruptions
  • Some TD Ameritrade-specific features have been retired
  • Mobile experience now governed by Schwab's app ecosystem

Key Features

Commission-free tradesOTC stock access (via Schwab)thinkorswim platformPaper tradingEducational resourcesAdvanced options analysisSocial sentiment tools

How to Buy Cannabis Stocks on TD Ameritrade: Step by Step

  1. 1

    Visit schwab.com — TD Ameritrade now redirects to Schwab for new accounts

  2. 2

    If you have an existing TD Ameritrade account, log in to the migrated Schwab portal

  3. 3

    Your watchlists, positions, and settings should have transferred automatically

  4. 4

    Use the thinkorswim platform (still available) for cannabis stock analysis

  5. 5

    Search for cannabis tickers and review Level II quotes and charts

  6. 6

    Place commission-free trades on OTC, NASDAQ, NYSE, and CSE-listed cannabis stocks

  7. 7

    Set up custom scans in thinkorswim to screen for cannabis sector movers

Frequently Asked Questions

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

Visit TD Ameritrade

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