On 24option, it is possible to trade with Cannabis shares, i.e. the shares of listed companies that produce legal marijuana. As you know, cannabis is becoming legal in various forms in more and more countries.
In many countries, for example, it is legal in the “smart” version while in other countries it has become legal in less minor forms, such as some member states of the USA as well as Canada. Specifically 9 US states plus Washington D.C. have approved recreational marijuana. In all, 29 countries have already done so.
For this reason, it is an expanding industry and investing in Cannabis stocks or trading CFDs can be very interesting. Remember that 24option offers CFDs on shares, which allow you to produce economic results in proportion to the movements in stock prices on the stock exchange. This means that if you trade upwards or downwards on the CFD that has as its reference a certain Cannabis share, you make profits based on the increases and decreases recorded.
Canopy Growth Cannabis Shares (WEED)
Canopy Growth is Canada’s most important legal marijuana grower. Canopy Growth Corp., whose abbreviation is WEED, is certainly Canada’s most important legal cannabis grower. The company sells its products under several names, including the famous “Tweed”, made popular by the collaboration with the rapper Snoop Dogg. Canopy Growth was also listed on the NYSE (New York Stock Exchange) on 24 May 2018.
To trade CFDs on Canopy Growth stocks with the 24option trading platform, simply filter the list of stocks to be traded by selecting “stocks”. After that, you will find the Canopy stock towards the end of the list.
Trading with Aurora Cannabis Shares
Aurora Cannabis, whose shares are available on the 24option Aurora Cannabis Inc. trading platform. (ACBFF) made its stock market debut in the TSX index in October 2016. Initially, it only produced dry cannabis, while as of January 2017, it was licensed to sell cannabis oil as well. During this period, in the OTC market, he achieved a 347% increase in the market (in about 1 year). In May 2018, Aurora Cannabis acquired MedReleaf Corp (LEAF) for $2.5 billion. MedReleaf has a market capitalization of $2.92 billion and its stock has increased by 292% over the past year.
As with WEED stocks, to trade CFDs on Aurora Cannabis stocks with the 24option trading platform, simply filter the list of stocks to be traded by selecting “stocks”. After that, you will find the Aurora stock towards the end of the list.
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