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!
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: