4/20 Is Here: These Are The 15 Most Traded Weed Stocks

Unfortunately, until marijuana is legalized in the U.S. on a federal level, the vast majority of marijuana stocks will likely continue to trade over-the-counter and continue to be horrible long-term investments. Aside from GW Pharmaceuticals PLC- ADR GWPH, which trades on the NASDAQ, no other weed stocks trade on major U.S. exchanges.
 

Trading on the OTC market means that many of these stocks have relatively light regulatory oversight and little or no institutional backing. For now, these stocks have been serving mostly as day trading instruments.

Short sellers have been particularly profitable. All 15 of Benzinga’s “15 Marijuana Stocks To Watch In 2015” finished the year down at least 30 percent. If you take GW out of the mix, 12 of the remaining 14 stocks were down at least 72 percent.

Related Link: 15 Marijuana Stocks To Watch In 2015: Where Are They Now?

Until the marijuana industry becomes more mainstream, decent long-term investments will be hard to come by. But if you’re looking to trade weed stocks in the meantime, at least you can avoid the most illiquid stocks.

StockStat has a full list of marijuana stocks that you can sort by trading volume. However, it’s important to remember that 2 million in trading volume may seem impressive, but for a stock that trades at $0.0001 per share, it only amounts to $2,000 in liquidity.

With that in mind, here are the 15 weed stocks with the highest daily trading volume, according to StockStat:

Bayport International Holdings Inc BAYP
Greengro Technologies Inc GRNH
Dewmar International BMC Inc DEWM
Terra Tech Corp TRTC
VAPE HLDGS INC COM VAPE
American Green Inc ERBB
Cannabis Science Inc CBIS
Medical Maijuana Inc MJNA
EFFTEC INTL INC COM EFFI
Vapor Group Inc VPOR
Hemp Inc HEMP
Growlife Inc PHOT
Fastfunds Financial Corporation FFFC
Latteno Food Corp LATF
Easton Pharmaceuticals Inc EAPH

Disclosure: the author holds no position in the stocks mentioned.