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How to Buy Cannabis Stocks on Webull

3.5/5

Webull is a commission-free trading platform popular with active traders for its advanced charting and extended-hours trading. It offers a clean mobile interface and desktop platform with technical indicators. Webull supports most major-exchange cannabis stocks and some OTC tickers, but its OTC coverage is limited compared to full-service brokers like Fidelity or Schwab.

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 (limited OTC access)
Inactivity FeeNone

Pros

  • Zero commission on stock and ETF trades
  • Advanced charting and technical indicators built in
  • Extended-hours trading (4:00 AM – 8:00 PM ET)
  • Paper trading mode to practice before risking real capital
  • No account minimum required
  • Real-time market data included free

Cons

  • Limited OTC stock coverage — many cannabis tickers unavailable
  • No mutual fund or bond trading
  • Customer support can be slow during peak hours
  • No fractional shares for OTC stocks

Key Features

Commission-free tradesExtended-hours tradingAdvanced charting with 50+ indicatorsPaper trading simulatorReal-time market dataOptions tradingMobile-first design

How to Buy Cannabis Stocks on Webull: Step by Step

  1. 1

    Download the Webull app or visit webull.com and create an account

  2. 2

    Complete identity verification with a government-issued ID

  3. 3

    Fund your account via bank transfer, wire, or ACH (no minimum)

  4. 4

    Search for cannabis stocks by ticker (e.g., TLRY, CGC, MSOS)

  5. 5

    Review the stock chart, financials, and analyst ratings in the app

  6. 6

    Place a market or limit order — choose your share quantity and confirm

  7. 7

    Monitor your cannabis holdings in the portfolio tab

Frequently Asked Questions

Can I buy OTC cannabis stocks on Webull?
No. Webull does not support OTC stock trading. This means you cannot buy most US cannabis multi-state operators (MSOs) like TCNNF, GTBIF, or CRLBF. You are limited to exchange-listed cannabis stocks and ETFs. Consider Fidelity or Charles Schwab if you need OTC access.
What are the fees for trading cannabis stocks on Webull?
Webull charges $0 commission on stock trades. The account minimum is $0. OTC fee: $0 (limited OTC access). Inactivity fee: None.
Can I buy Canadian cannabis stocks on Webull?
Yes. Webull 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 Webull 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 Webull. ETFs are a good way to get diversified cannabis exposure without picking individual stocks.
What cannabis stocks can I buy on Webull?
On Webull, you can buy exchange-listed cannabis stocks like TLRY, CGC, ACB, and SNDL, as well as cannabis ETFs like MSOS. However, you cannot buy OTC-traded US MSOs (TCNNF, GTBIF, CRLBF), which represent some of the largest cannabis companies by revenue.

Ready to start trading cannabis stocks?

Visit Webull to open an account. Always verify current fees and features on their site.

Visit Webull

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