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Updated on July 27, 2021
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What Are Marijuana Penny Stocks?
Marijuana penny stocks are micro cap stocks that are involved in manufacturing, producing, and marketing marijuana products. There aren't that many small marijuana companies on the regular stock exchanges such as the NYSE and NASDAQ. Therefore, all the marijuana stocks under $1 listed here are trading on the OTCBB market.
Are Marijuana Stocks Risky?
Yes, all penny stocks trading on the OTCBB market are risky. Marijuana penny stocks are no different. They are more like lottery tickets than actual stocks. Marijuana penny stocks make headlines when their stock double up or cut in half in a single day.
Most people entering the stock market are not expecting this kind of roller coaster ride. It may look easy to get rich overnight with penny stocks, but it is actually even easier to go broke. In fact, most beginners who trade or invest in penny stocks go broker in less than a year.
There are ways to make money trading penny stocks, but one needs to learn a strategy, find a profitable pattern, and have the right kind of discipline to execute his trades. It takes a lot of time for beginners to learn how penny stocks work before diving in.
Penny stock beginners should start with paper trading, and try to get good at it without risking any money. Following are two articles to get started if you are interested in learning about penny stocks.
How to Paper Trade Penny Stocks
Beginner's Guide to Penny Stock Trading
Cannabis Penny Stocks
Please note this pot penny stocks list is for research only. We do not suggest or recommend anyone to trade or invest in any of these stocks. Please do your own research before buying
any of the cannabis stocks listed.
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