CBD is one of the fastest-growing trends among marijuana stocks. Many leading cannabis companies have chosen to make their forays into the cannabis industry by utilizing the power of CBD. In addition to the big pot stocks, many newcomers have been showing their interest in the potential of CBD. The thing is, scientists have yet to unlock the potential that CBD has. Right now, there are a series of ongoing tests to try and determine what type of new drugs and health and wellness products can be made utilizing this compound.
For those who don’t know, CBD or cannabidiol is one of the main chemical components of the cannabis plant. CBD, as opposed to THC, is non-psychoactive which means that it cannot get the user high. This makes it especially good in situations involving children or elderly individuals who cannot get high. Because of its incredible potential, many companies are spending millions on research and development.
We are only now beginning to see the reflection of the massive R and D that has gone into CBD. One thing of note is that on a recreational level, CBD has yet to be studied extensively. This means that there is still quite a lot of opportunity out there to find the right products. Because of this, there are quite a few options when it comes to looking for a CBD pot stock.
An Unknown Pot Stocks To Watch
Square Inc. (SQ Stock Report) may come as a surprise being on this list as it is in no way a traditional pot stock. But, the company has made a big move to get into the cannabis industry through investing in CBD. Recently, the payment processing company decided to accept payments from those selling CBD. Because of this, the company slightly enters into the category of pot stocks. But, it is worth mentioning that the company has been hit by the coronavirus. With the majority of its consumers being small and medium sized businesses, it has seen a definite shift in the amount of business it has procured.
But, the reality is the coronavirus won’t last forever. Because of this, there’s a chance that we could begin to see an uptick in value in the next few months. It is worth noting that there are still a lot of unknowns about how the coronavirus will continue to affect the stock market. But for now, Square looks like an interesting sort of pot stock with a lot of future potential.
A More Well Known Pot Stock
Canopy Growth Corporation (CGC Stock Report) is an extremely popular pot stock. The company has continued to make a name for itself as the largest cannabis company in the world. The company continues to be the largest cannabis company in Canada with the largest market share in its recreational market as well. In terms of CBD, the company has been working to move deeper into the CBD market in the U.S.
The company recently acquired Acreage Holdings which gives it a major amount of access to the U.S. CBD and cannabis market. In addition, Canopy Growth has been working to develop its business in its own line of CBD products. As a major cannabis company, Canopy Growth is more well positioned than any other to make a name for itself in the CBD market. But, the company does have to work out its balance sheet issues before it can truly be considered a pot stock to watch.