If you had to pick one of those three stocks, you might lean towards the one that’s profitable and focused on decreasing costs. Aphria ( italics ours)
Of course, we just warned you about not putting all your eggs in one basket, so maybe buy equal amounts of all three stocks, or just buy the cannabis ETF HMMJ. Just make sure to accumulate your positions over time by buying a set amount over a pre-determined period of time. “But if I buy these three stocks every month then the transaction costs will be too high” we can hear you say. Well, Zacks Trade will let you trade free U.S. stocks until tax day of 2019 so maybe open up an account with them. They will also let you buy stocks on the Canadian stock exchanges, except they’ll charge a bit for that.
Conclusions
We continue to write about marijuana stocks because you, our readers, have said you want to hear more. We’ll continue to watch this space and highlight Canadian cannabis stocks as they begin coming over to trade on major U.S. exchanges. We’ll continue to warn investors about things like risk, over-the-counter scams, and things like arbitrage which can result in people paying more for their shares than they should be. Aphria stock has filed to begin trading on the NYSE, but we don’t have a confirmed date yet or a confirmed ticker. Stay tuned.
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