The survey of 27,000 teenagers found 74% were aware of the risks.
It revealed 18% of teenagers felt under pressure to try the Class B drug.
One in ten thought it made them look cool.
The research, which was carried out on networking website Habbo Hotel, found 64% of young people were aware cannabis could cause panic attacks, 41% knew it could bring on paranoia and 38% thought it could result in memory loss.
Over 50% of teenagers associated cannabis use with losing motivation and doing badly at school or college.
But one in four said they saw cannabis as a “Natural” drug, despite the risks.
And 14% of 11–18 year olds admitted using the drug to help them to cope with life.
Chris Hudson, from Frank, said: “The majority of teenagers (55%) don’t want to risk their health by using cannabis, however, some people choose to take the risk; while others wrongly believe cannabis is harmless because it is a plant”.
“Cannabis messes with your mind – and reactions can be more powerful with stronger strains such as skunk, which is around twice as potent,” he warned.
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Contributed By: Ajit Golatkar