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Wall Street estimates the industry will grow by as much as 853% by 2024. (Prohibition Partners, 2019)
The legal cannabis market is projected to hit $73.6 billion by 2027. (Research and Markets, 2019)
The legal cannabis industry could soon be worth more than the GDP of 9 states. (Business Insider, 2019)Get started
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Get all the details on investing in marijuana and the legal cannabis industry.Learn More →
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The marijuana industry is expected to add 200,000 new jobs in the U.S. by 2020, according to New Frontier Data, which provides research on the cannabis market.
Growth is expected for a long list of businesses, such as the cultivators and packagers of the plants, dispensaries for medical and recreational marijuana, not to mention companies creating products that use cannabis byproducts called CBDs. CBDs are non-psychoactive derivatives of cannabis, which can be used for a variety of purposes. Health professionals have touted CBDs for their ability to help patients with inflammation, chronic pain, and depression.
Companies are also capitalizing on industrial uses for cannabis. This includes the production of hemp, which can be used to make fabrics and textiles, as well as its use as additives to health food and body care products.
There are now 29 states that allow doctors to prescribe cannabis for medical purposes, which can include helping to alleviate nausea related to chemotherapy, and stimulation of appetite for people who are chronically ill, among other health-related issues.
And it all makes for big business. Total legal sales of cannabis were about $10 billion in 2017, and are expected to grow to $24.5 billion by 2021, according to reports.
In January, California became the largest state in the U.S. to allow its residents to use marijuana for recreation, with a market of nearly $4 billion in 2018, according to reports. Eight states and the District of Columbia have in recent years legalized cannabis for recreational use.
"The U.S. is creating the first truly scalable cannabis industry, and the rest of the world is looking at what is taking place," says David Rheins, the chief executive and co-founder of the Marijuana Business Association, a trade group based Las Vegas, devoted to the cannabis industry and cannabis business owners.
Investors in the U.S interested in adding cannabis to their portfolios have a few options. They can purchase shares of stock in cannabis-related companies that are publicly-traded on an exchange.
Another option is to purchase shares of a fund, which offers exposure to many companies leading the way in this growing sector.
Investing in Cannabis: Single stocks
A single stock is just that, a share of ownership of a company. For example, investors can purchase shares of stock in companies in the Legal Marijuana industry.
Investing in Legal Cannabis: Exchange-traded funds
Exchange-traded funds (ETFs) are a basket of investments bundled into a fund that's traded on an exchange like the Nasdaq or NYSE.
That fund owns the stocks within it and generally tracks an index – or group of investments that represent part of an industry or investment theme.
When you invest in an ETF you are effectively buying small fractions of the companies within that ETF. The fraction depends on the weights stocks held in that fund.
ETFs have become popular in recent years as they give investors the opportunity to invest in the performance of a group of stocks without having to buy every single stock in the fund or handpicking single stocks. Not only can this save time and research, ETFs can offer diversification, which many consider to be an essential investing strategy.
We offer two affordable monthly plans, Stash Growth and Stash+.
Stash Growth costs $3/month. Ideal for first-time investors, this plan includes a personal investment account, the Stock-Back® Card,1 and saving tools. You’ll also get personalized advice geared toward your goals, along with a Roth or Traditional retirement account (IRA),4 an automated investing account (Smart Portfolio),7 and $1,000 of life insurance coverage through Avibra.‡
Stash+ costs $9/month. It’s a great choice for savvy wealth builders and debit card spenders. It includes a personal investment account, and a Stock-Back® Card that earns 1% back in stock on every swipe, up to $1000 per month.1 Stash+ also gives you access to investment accounts for kids,5 a Roth IRA or Traditional IRA retirement account,4 and an automated investing account (Smart Portfolio)7. That’s in addition to personalized advice, an exclusive monthly market insights report, savings tools, and $10,000 of life insurance coverage through Avibra.‡
Stash can give you everything you need to build wealth for the long-term. Here’s how Stash works.
Answer a few questions.
When you first join Stash, we’ll get to know you by asking some questions. These help us understand your financial goals and provide useful, specific advice for things like investing and budgeting.
Pick a plan.
Then, you’ll choose your subscription plan, starting at just $3/month. †
With Stash, you'll have access to a personal brokerage account, a retirement account, and a Smart Portfolio. You’ll also receive the Stock-Back® Card that lets you earn stock when you spend. And there’s even more benefits depending on the plan you choose, like budgeting and saving tools, advice and education and more.
Add money to Stash.
You can add money to Stash automatically or manually. It only takes 5 minutes to set up direct deposit to send either all or a part of your paycheck straight to Stash. You can even receive your paycheck up to 2 days early.3
Budget, save, and create goals
Use our automatic budgeting and saving tools to organize your cash and track your spending.
Invest your way.
You’ve got options. Choose to invest in fractional shares with $5 or less—you can pick from thousands of stocks and ETFs. You can also shop and earn stock with the Stock-Back® Card.1
Stash is built for long-term investing, not day-trading, so all of our market transactions execute during four trading windows each weekday. (Note: Availability of trading windows is dependent on market conditions and may be subject to limitations.)
Investing can be a critical part of building wealth. As time passes, inflation can eat away at the value of your saved cash—making it worth less over the years. On the other hand, the average annual return of the S&P 500 has been around 8%, historically. Even if it’s just $1 at a time, it’s important to start investing as soon as possible so you can maximize your money’s growth potential and take advantage of compound returns over the years.
Stash is 100 percent legit. From investments made to cash set aside, you can feel confident in the security of your money.
While such registration does not imply a certain level of skill, it does require us to follow federal regulations that protect you, the investor. By law, we must provide investment advice that is in the best interest of our client.
Stash is on a mission to empower everyday Americans to build wealth. We believe every financial decision can be an investment in your future—that’s why our tools and products are designed to help people achieve greater financial freedom.
Unlike a lot of other financial companies, we’re here to help build healthy financial habits, hit money goals, and remove long-standing barriers to building wealth.
By giving Stashers access to simple, affordable investing and unlimited financial education, we remove what we consider to be the two biggest barriers stopping everyday Americans from building wealth: inaccessibility and lack of financial literacy.
In their place, we’ve created a clear path to better financial futures for all Americans.