5 top vape stocks to buy in 2024

The best vape stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular vape stocks picks to buy in 2024

We round up a selection of stocks in or related to the vaping industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Turning Point Brands (TPB)
2. British American Tobacco p-l-c (BTI)
3. Cronos Group (CRON)
4. Canopy Growth (CGC)
5. Altria Group (MO)

Compare premium accounts that help you research stocks

The vape stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering vape stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

How to invest in vape stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like TPB or BTI.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into vape stocks

If you're interested in investing in the vaping industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Turning Point Brands (TPB)

Turning Point Brands, Inc. , together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions.

Turning Point Brands stock opened the day at $27.48 after a previous close of $27.78. The latest price was $28.23 (25-minute delay). Turning Point Brands is listed on the NYSE, has a trailing 12-month revenue of around USD405.4 million and employs 373 staff.

• Market capitalization: $489,291,072
• P/E ratio: 13.7711
• PEG ratio: 0

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2. British American Tobacco p-l-c (BTI)

British American Tobacco p. l. c. engages in the provision of tobacco and nicotine products to consumers worldwide.

British American Tobacco p-l-c stock opened the day at $29.32 after a previous close of $29.40. The latest price was $29.25 (25-minute delay). British American Tobacco p-l-c is listed on the NYSE, has a trailing 12-month revenue of around USD$27.3 billion and employs 46,725 staff.

• Market capitalization: $65,770,070,016
• PEG ratio: 3.149

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3. Cronos Group (CRON)

Cronos Group Inc. operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.

Cronos Group stock opened the day at $2.51 after a previous close of $2.50. The latest price was $2.59 (25-minute delay). Cronos Group is listed on the NASDAQ, has a trailing 12-month revenue of around USD$87.2 million and employs 356 staff.

• Market capitalization: $946,199,360

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4. Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes.

Canopy Growth stock opened the day at $8.80 after a previous close of $8.70. The latest price was $8.91 (25-minute delay). Canopy Growth is listed on the NASDAQ, has a trailing 12-month revenue of around USD$362.2 million and employs 1,621 staff.

• Market capitalization: $792,697,024

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5. Altria Group (MO)

Altria Group, Inc. , through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

Altria Group stock opened the day at $43.43 after a previous close of $43.54. The latest price was $43.38 (25-minute delay). Altria Group is listed on the NYSE, has a trailing 12-month revenue of around USD$20.5 billion and employs 6,400 staff.

• Market capitalization: $73,720,676,352
• P/E ratio: 9.3917
• PEG ratio: 6.3149

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Compare more stock trading platforms to invest in vape stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in vape stocks.

Bottom line

While it’s possible to turn a profit investing in vape stocks, keep in mind that — like any investment — vape stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the vaping industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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