One question we get asked very often is - what are the cheapest marijuana stocks on Robinhood? After all, not every trader has enough in their account to buy 100 shares of GW Pharmaceuticals Plc. (NASDAQ:GWPH).
No stock investor likes paying commission fees on every buy and sell order. Commissions cut into profits, and make it harder for traders will small accounts. Some online brokers charge as much as $9.99 to make a stock trade, but not Robinhood!
This is why so many investors and traders have turned to the Robinhood app to get commission-free trading on so many different stocks. Currently, there's a handful of marijuana-related stocks you can trade on Robinhood.
Before we go through the cheapest marijuana stocks on Robinhood, there's an important clarification that needs to be made.
Two Types of Cheap
One characteristic that brings most investors together is that almost every trader wants to find a cheap stock to profit off of. Of course, there are technical traders who never pay attention to things like value or price, but the vast majority of retail investors want to feel like they are buying a good deal. What many investors fail to recognize is that there are two kinds of cheap.
To be clear, the folks asking the question above are referring to cheapest price per share, rather than cheapest in terms of value.
In alphabetical order, the 5 cheapest marijuana stocks on Robinhood are:
22nd Century Group, Inc. (NYSE:XXII) - 22nd Century Group is a biotechnology company focusing on developing, marketing and licensing genetically-modified hemp plants as well as tobacco plants. Their cannabis division focuses on producing hemp plants with low levels of THC for us as food, oil, fabric and more.
India Globalization Capital, Inc. (NYSE:IGC) - India Globalization Capital has two lines of businesses, a legacy infrastructure business and a cannabis pharmaceutical business that has developed a lead product for treating Alzheimer’s patients which it intends to commercialize and market through medical marijuana dispensaries.
Intec Pharma Ltd. (NASDAQ:NTEC) - Intec Pharma is a clinical-stage biopharmaceutical company focused on developing drugs based on its proprietary Accordion Pill platform technology. Intec's product pipeline includes four product candidates in clinical trial stages including an Accordion Pill with the two primary cannabinoids contained in marijuana - cannabidiol and tetrahydrocannabinol.
Level Brands, Inc. (NYSE:LEVB) - Level Brands operates as a branding and marketing company. It operates through three business segments: Professional Products, Licensing, and Entertainment. Level Brands recently partnered with Isodiol International Inc. to launch the Kathy Ireland CBD health and wellness product line.
Marrone Bio Innovations, Inc. (NASDAQ:MBII) - Marrone Bio Innovations is a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets. A few months ago, three of Marrone Bio Innovations' active ingredients were deemed legal for use on cannabis crops in the California cultivation market.
For more information on any of the marijuana stocks mentioned, be sure to check out their stock profiles in our marijuana stocks database (also linked in tickers above). To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!