These Marijuana Stocks Are Investing Heavily in Hemp
The hemp industry is one of the fastest-growing markets in the U.S. and abroad. Because hemp is so closely related to cannabis, many leading pot stocks to watch have devoted funds to investing and researching the potential of hemp. Because hemp was only legalized in the U.S. a few years ago, the market has not had a chance to fully develop. But, growth for hemp has occurred simultaneously with growth in the cannabis industry. In that time period, many leading marijuana stocks have also become hemp stocks to watch.
Because these companies already have the infrastructure to grow cannabis, the switch to hemp is not that difficult. As stated before, this area of the cannabis industry has not had a great deal of time to develop. Because of that, there is a lot of opportunities to be had in pot stocks that work with hemp. In addition to this, investing in marijuana stocks that work with hemp, can often be less volatile than investing in more pure-play pot stocks. With that in mind, here are two leading marijuana stocks with varying levels of involvement in the hemp industry.
The Most Popular CBD Based Marijuana Stock
Charlotte’s Web Holdings Inc. (OTC:CWBHF) is one of the top names that investors think of when they look at the CBD industry. Although it does work in CBD, CWBHF stock is primarily considered to be a marijuana stock. Charlotte’s Web has a unique advantage when it comes to the cannabis industry. In order for hemp to bypass cannabis laws, it has to be under 0.3% THC. This means that pot stocks that are growing cannabis for CBD products, cannot have those products be sold the same way hemp-based products would be. In this way, CWBHF stock has a lot of exposure to the cannabis industry, without all of the risks.
Although other ancillary marijuana stocks like Innovative Industrial Properties Inc. (NYSE:IIPR) and KushCo Inc. (OTC:KSHB) also have less exposure to the cannabis industry, they can have less potential for gains attributed to greater market growth. Because of this, CWBHF stock holds a lot of value that can’t be found in many other similar marijuana stocks. With CBD demand increasing rapidly, Charlotte’s Web remains a leading marijuana stock to watch.
A Pot Stock With a Different Exposure to Hemp
GW Pharmaceuticals Inc. (NASDAQ:GWPH) is another one of the leading hemp/pot stocks to watch. Unlike pure-play marijuana stocks, GWPH stock is a pharmaceutical company. With this, the company utilizes hemp and cannabis to produce its pharmaceutical products. It’s most profitable pharmaceutical, Epidiolex, has produced almost 90% of the company’s overall revenue. In addition, Epidiolex has continued to garner great deals of support around the world.
With licensing for the product occurring in markets such as Europe, GWPH stock could be poised for a great deal of growth. Many other pot stocks have attempted to get into the CBD based product market. But, GWPH stock is widely considered to be the leader in this area of the cannabis industry. Companies such as Canopy Growth Corp. (NYSE:CGC), are working on gaining their share of the industry, but as stated before, GW has a very strong lead. For this reason, it continues to be one of the most interesting marijuana stocks to watch.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | firstname.lastname@example.org