Now You Can Buy Weed Stocks on the U.S. Stock Exchange



For those hoping to get in on the cannabis stock game, a Canadian company has gotten approval to start trading on the NASDAQ. It’s the U.S. Stock Exchange’s first listed marijuana company, according to VICE.

The company, Cronos Group, is already on the Toronto Stock Exchange but will make its American debut this week. As Canadians wait for the legalization of recreational weed sometime this summer, the interest to invest in cannabis stock has stretched south of the border, too. The stigma attached to buying cannabis stocks and weed in general (since it’s still federally illegal across the U.S.) has made it a niche endeavor.

But it’s actually completely legal for Americans to own Cannabis stocks despite the current legal standing of the drug itself. “I grew up in the U.S. and most of our investor base is in the U.S.,” Mike Gorenstein, CEO of the Toronto-based company, told VICE Money. “But I still get calls from American investors who are unsure as to whether they can buy Canadian weed stocks.” Gorenstein also explained that while recreational weed is only legal in nine states and medical weed is legal in 29, the American market for weed is worth billions, and it will only grow even more in coming years.

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44 thoughts on “Now You Can Buy Weed Stocks on the U.S. Stock Exchange

  1. I'm waiting on the US to federally legalize marijuana and when it happens if your invested prepare for take off๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

  2. Conservatives are the dumbest assholes keeping us from progressing. Weed will like alcohol when it was legalized. Weed shops are gonna make a killing. They'll be online weed distribution websites like they have with alcohol. Whole new jobs created from just the regulations part. Private and government jobs.

    Son.. just legalize it. I don't even smoke but I see the green. Conservatives arent conservatives any more because they rather spend money on bullshit.

  3. I INVEST EVERY WEEK IN WEED, IT BE CALLIN' ME MAN, IT BE CALLIN' ME!!๐Ÿ˜‚๐Ÿ˜‚I DIDN'T HAVE TO WAIT UNTIL THE WHITE MAN FOUND OUT HOW TO GET HIS CUT 'CAUSE I'M BLACK!!๐Ÿ˜‚๐Ÿ˜‚

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