Cannabidiol, or CBD, is a non-psychoactive component of the cannabis plant that has been produced for medical use. In the United States, the CBD market is expected to reach $14.9 billion in sales by 2020. In the face of the COVID-19 pandemic, the cannabis business has shown its resilience and growth. Senators Chuck Schumer (D-NY), Ron Wyden (D-OR), and Cory Booker (D-NJ) have all called for cannabis to be removed from the Controlled Substances Act. Cresco Labs Inc. and Curaleaf Holdings, Inc. both had their stock prices rise by 3.9 percent and 2.2 percent, respectively. In 2020, the cannabis industry enjoyed a banner year, with global marijuana sales topping $21.3 billion. CBD stocks like Jazz Pharmaceuticals Plc and Tilray, Inc. are favored by analysts.
Insider Monkey looks at the 10 best CBD stocks to invest in. According to market analysts, OrganiGram Holdings Inc. is one of the finest CBD stocks to invest in. The business produces medical and recreational cannabis, as well as CBD products. Its stock has increased by 94 percent in the last year. Zynerba Pharmaceuticals, Inc. is ranked ninth among the top ten CBD stocks to buy. Transdermal CBD medicines for persistent neuropsychiatric illnesses are developed by the business. Zynerba has a $187 million market capitalization. Sundial Growers Inc. is ranked eighth among the top ten CBD stocks to buy. In Canada, the corporation sells adult-use cannabis products and lends money to other marijuana businesses. It has a $1.51 billion market capitalization. In the previous five days, Village Farms International, Inc. stock has risen 5.04 percent. In its vertically integrated greenhouse facility in Delta, Canada, a Canadian company grows a variety of plant-based goods. The company’s first-quarter revenue totaled $52.6 million. Innovative Industrial Properties, Inc. is ranked number six on the list of the top ten CBD stocks to buy. In the United States, the firm owns and rents 72 medicinal marijuana facilities in 18 states. Its market capitalization is $5.1 billion. For more details, click 10 Best CBD Stocks to Invest In.
