How to Buy MariMed Stock [2024]

Summary: The cannabis industry is still young, but it’s been generating a lot of buzz in the wake of more widespread cannabis legalization. In this guide, you will learn how to buy MariMed stock through an online stock trading platform such as Interactive Brokers and gain exposure to this rapidly growing sector.

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 MariMed

MariMed Inc. is an American company involved in the production of cannabinoids and cannabis products. MariMed boasts an extensive portfolio of cannabis brands and products across all markets within the industry. The company is also committed to advancing ongoing scientific research on cannabinoid benefits.

How to buy MariMed stock: Step-by-step

MariMed went public on January 25, 2011. Since then, the stock has been trading on the OTCQX and the CSE under the symbol MRMD.

To invest in MariMed, you can follow these simple steps:

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

Step 1: Choose a broker

To buy MariMed stock, you’ll first need to open an account with a brokerage that lists it. Our go-to brokerage for MRMD stock 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

If you wish to explore other brokerages, consider factors such as:

Fees and commissions;
User-friendly interface;
Customer support;
Research tools;
Security.

Note

For additional investments, check out our guides on the 5 best pharma stocks and top 5 psychedelic stocks to buy in 2024.

Step 2: Open and fund your account

After selecting a broker, the next step is to create an account. This typically entails completing a registration and know-your-customer (KYC) application and submitting a valid government-issued ID document to verify your identity. Additionally, you’ll be required to fund your account by transferring money from your bank account to your brokerage account.

To do that, you can use:

Direct bank transfers;
Credit/debit card payments;
Wire transfers;
PayPal payments.

Step 3: Place your order

Once you have funded your account, you can place an order for MariMed stock. To do that, you can:

Log In to your brokerage account;
Search for MariMed stock under its ticker symbol MRMD;

Specify the number of shares you want to buy or the dollar amount you wish to invest;
Choose the order type (market orders will execute at the current market price, while limit orders let you specify the price at which you want to execute the trade later on);
Review and confirm the order.

Step 4: Monitor your investment

Investing in MRMD stock requires consistent monitoring if you want to ensure your investment is as profitable as possible down the line. So, try utilizing the broker’s market analysis tools to track the stock’s performance and catch any potentially more profitable investment opportunities. Also, try to stay flexible and adjust your trading strategy when necessary.

For more cannabis stocks, you can check out our guides on:

MariMed stock price

Pros and cons of investing in MariMed and the cannabis industry

Pros

Growth potential: The cannabis industry is growing exponentially;
Innovation and novelty: MariMed is one of the pioneers in this new industry;
Opportunities: The cannabis industry offers a lot of investment opportunities across a number of sectors;
Demand: As the legalization continues, the demand for cannabis products is bound to grow.

Cons

Regulatory risks: The cannabis industry is new, so there are still some regulatory risks to consider;
Market volatility: The cannabis market can be highly volatile;
Ethical concerns: The nature of the industry might deter some investors.

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 MariMed stock

Can I buy MariMed stock directly from the company?

No, you cannot. MariMed stock can only be purchased through online stock trading platforms such as Interactive Brokers.