How to Buy Green Thumb Industries Stock [2024]

Summary: With cannabis legalized in 24 states, and medicinal uses of marijuana being a reality in many, many more, investing in companies involved in the production and sales of cannabis consumer goods has become an exciting stock trading strategy. In this guide, you will learn how to buy Green Thumb Industries stock through an online investment platform such as Interactive Brokers to partake in this growing trend.

Best Platform for Worldwide Stock Trading & Investing

Highly trusted multi-asset broker with clients in over 200 countries
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
Low commissions starting at $0 with no platform fees or account minimums
Easily fund your account and trade assets in 26 currencies
IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

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About Green Thumb Industries

Green Thumb Industries homepage. Source: https://www.gtigrows.com

Green Thumb Industries is a cannabis consumer goods company that grows and distributes cannabis products in the United States. Like many of its competitors, the company believes in the plant’s power to improve health and increase happiness, having won several awards for its safe and quality cannabis products. Moreover, Green Thumb Industries prioritizes educational and explorative experiences, which are, to quote the company website, ‘shepherded by People Care Specialists.’

How to buy Green Thumb Industries stock: Step-by-step

Green Thumb Industries stock is traded on the Canadian Securities Exchange (CNSX) under the ticker GTII, so it’s widely available on online stock trading platforms such as Interactive Brokers.

To invest in Green Thumb Industries, you can follow these simple steps:

Step 1: Choose a broker;
Step 2: Register and fund your account;
Step 3: Place your order;
Step 4: Monitor your investment.

Step 1: Choose a broker

A broker is a stock trading platform that facilitates the buying and selling of stocks. There is a wide variety of online brokers nowadays, so be sure you research their fees and commissions, user interface friendliness, customer support quality, and availability of additional features such as charting tools.

Our go-to broker is Interactive Brokers, a stock trading platform with millions of active users and features such as:

Commission-free stock trading;
Access to global stock exchanges (as well as ETFs, futures, currencies, crypto);
Fractional shares;
Charting tools;
IBKR pays up to 4.58% interest on cash balances of $10k or more.

Best Platform for Worldwide Stock Trading & Investing

Highly trusted multi-asset broker with clients in over 200 countries
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
Low commissions starting at $0 with no platform fees or account minimums
Easily fund your account and trade assets in 26 currencies
IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

Note

For more investment opportunities in the pharma industry and alternative medicine, check out our guides on the 5 best pharma stocks and top 5 psychedelic stocks to buy in 2024.

Step 2: Register and fund your account

Once you have chosen a broker, you will need to register an account. The process usually involves filling out a registration application, providing some of your personal information, and/or uploading a valid ID document to confirm your identity. You will also need to fund your account by transferring money from your bank account to your brokerage account. Nowadays, brokerage platforms allow direct bank transfers, credit/debit card payments, wire transfers, PayPal payments, etc.

Step 3: Place an order

Once you have funded your account, you can place an order and buy Green Thumb Industries shares. To do that, you can:

Log into your new brokerage account;
Search for the GTII stock by looking up the ticker symbol or company name within the broker’s main search interface;
Specify the order type (i.e., buying shares at their current price with a market order or setting a price at which you wish to buy shares later on with a limit order);
Enter the number of shares or specify the dollar amount you wish to invest;
Review your order;
Confirm and execute the order.

Step 4: Monitor your investment

With GTII stock in your portfolio, you should monitor your investment regularly. You can track the stock’s performance using the broker’s website or mobile app. Additionally, you can stay informed about market developments and industry trends to be able to adjust your trading strategy more effectively.

For more investment opportunities within the cannabis industry, be sure to check out our guides on:

Green Thumb Industries stock price

Pros and cons of investing in cannabis

Growth potential: The legal marijuana sector is predicted to surpass at least $72 billion by 2030;
Early bird investing: The industry is still growing and developing, so it’s possible you could reap some of the early bird investing benefits;
Diversification: You can invest in medical or recreational cannabis, farming companies, dispensaries retailers, pharmaceutical companies, etc;
High demand: Thanks to the legalization of cannabis, the demand for cannabis products is growing.

Pros

Growth potential: The legal marijuana sector is predicted to grow to $72 billion by 2030;
Early bird investing: The industry is still growing and developing, so it’s possible you could reap some of the early bird investing benefits;
Diversification: You can invest in medical or recreational cannabis, farming companies, dispensaries retailers, pharmaceutical companies, etc;
High demand: Thanks to the legalization of cannabis, the demand for cannabis products is growing.

Cons

Unpredictable industry: New markets are often difficult to predict, and cannabis is no exception;
Ethical issues: Some investors are not comfortable investing in companies within the cannabis industry;
Regulatory challenges: The marijuana industry is new, so it’s still subject to a complex web of regulations. Moreover, it is still not fully legal under federal law;
Lack of liquidity: Many cannabis companies are not yet profitable, so not all stocks are liquid.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Green Thumb Industries stock

When was the Green Thumb Industries IPO?

Green Thumb Industries went public in 2018.