In 2019, the hemp sector was worth more than $5 billion. In the next five years, it is expected to grow to more than $36 billion in size. The consequences of legalizing marijuana on a federal level for the first time are being debated by lawmakers. The legalization of hemp has sparked a frenzy of activity in the hemp industry. Hemp can be spun into fiber and used to make things like paper, plastics, paint, furniture, and even vehicle parts. In the year 2020, the number of hemp businesses registered in the United States increased by 100 percent. The pharmaceutical sector has been changed by the hemp industry. Some of the top hemp stocks on the market to profit from this trend are Philip Morris, Altria Group, Arena Pharmaceuticals, Scott Miracle, and Turning Point Brands.
Here is Insider Monkey’s list of the 10 cheap hemp stocks Redditors are buying. Right On Brands, Inc. is ranked tenth. The company, which is based in Texas, sells hemp-enhanced snacks. It has a market capitalization of more than $13.5 million. Hemp, Inc is rated ninth. The company is based in Nevada and specializes in the distribution of industrial hemp. It has a market capitalization of more than $57 million. Green Globe International, Inc. is a hemp cigarette manufacturer and distributor based in California. It comes in eighth place on the list of the top ten inexpensive hemp stocks that Redditors are buying. The firm was established in 1999 and has a market capitalization of $25 million. Love Hemp Group Plc is rated seventh. The company focuses on investing in hemp-related businesses throughout Europe, Africa, South America, and Asia. Sativa Wellness Group Inc. is ranked sixth. The company is based in Canada and sells CBD-based wellness products. It has a market capitalization of $21 million and generated over $2.7 million in revenue last year. For more details, click 10 Cheap Hemp Stocks Redditors Are Buying.
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