A Special Report from our Associates at Money Morning:
All marijuana use became legal in Canada on Oct. 17, making it the richest country in the world to fully legalize cannabis. Now, savvy investors are racing to add marijuana stocks to their portfolios.
We're still at the start of the new "Gold Rush," with legal marijuana sales in North America climbing 145% from $10 billion in 2017 to $24.5 billion by 2021.
That's why our readers have been asking if they can buy Tilray Inc. (NASDAQ: TLRY) on Robinhood.
Robinhood is a Palo Alto, Calif.--based start-up that launched in 2015. It became hugely popular with millennials thanks to its user-friendly design.
It's also popular because of its no-fee structure. While services like E*TRADE and TD Ameritrade charge $6.95 per trade, Robinhood users can buy and sell stocks, commission free.
The benefits of free stock trades and a convenient app drove 3 million people (as of March 2018) to use the platform.
And while this is great platform for reducing trading fees, there is a catch with using Robinhood...
The End of a Prohibition
Learn How Average Americans are Becoming Marijuana Millionaires!
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Not every stock is available to trade on the platform, and most marijuana stocks can't be bought on Robinhood. That's because most cannabis companies right now trade on over-the-counter markets (OTCMKTs).
Robinhood is slowly listing stocks from OTCMKTs, but cannabis investors have limited options on the platform right now.
Fortunately, we have good news if you wanted to buy Tilray on Robinhood and stake your claim in the $10 billion marijuana industry...
How to Buy Tilray Stock
You can buy Tilray stock using the Robinhood mobile app.
In the search field, type in TLRY and click on the company name when it appears below the search field.
Once on the TLRY stock page, you will see a "Trade" button in the lower right-hand corner. Click on "Trade," and then click on the "Buy" button that appears.
From there, you'll be sent to an order screen, and you'll decide how many shares you want to purchase. If you don't have enough money in your account to pay for the order, Robinhood will ask if you want to transfer the money from your bank account to cover the costs.
It will be available instantly.
And while Tilray is one of the most asked-about stocks by our readers, we also had to make sure to share all the details on how to register for a once-in-a-lifetime event...
Bonus Report: Turn a Small Stake into a Fortune: A new earth-shattering government announcement could completely change the legalization of marijuana - forever. In fact, thanks to this historic legislation, tiny pot stocks trading for under $5 are getting set to double, triple, or quadruple. In an exclusive interview with Money Morning, pot stock expert Michael Robinson shares all the good news - including details on five tiny weed stocks that could potentially turn a small stake into $100,000. Click here to continue.