Hemp stocks

Both hemp and cannabis are increasingly popular industries. But while these two industries are based on the same plant, there is a key difference. Cannabis stocks are shares of companies that offer THC and CBD products, more commonly known as marijuana. Hemp refers to products with little to no THC. Hemp is most commonly used in clothing as an eco-friendly fiber and in health foods, like vegan hemp milk.

We've compiled a list of popular hemp stocks. The best stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time. And if you're looking for more info on cannabis stocks, read our guide to investing in marijuana.

Our picks for the best hemp stocks

We round up a selection of stocks in or related to the hemp industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Levi Strauss-and-Co Class A (LEVI)

Levi Strauss & Co. engages in the design, marketing, and sale of apparels and related accessories for men, women, and children in the Americas, Europe, and Asia. It offers jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related products under the Levi's, Dockers, Beyond Yoga, Signature by Levi Strauss & Co.

• Previous close price: $28.00
• Market capitalization: $5,323,343,360
• 1 year performance: -26.01%
• P/E ratio: 11.0082

Buy LEVI stock on National Bank Direct Brokerage

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2. Campbell Soup Company (CPB)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.

• Previous close price: $50.55
• Market capitalization: $15,426,008,064
• 1 year performance: 5.36%
• P/E ratio: 19.0074

Buy CPB stock on National Bank Direct Brokerage

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3. Tilray (TLRY)

Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business.

• Previous close price: $1.67
• Market capitalization: $1,032,073,344
• 1 year performance: N/A

Buy TLRY stock on National Bank Direct Brokerage

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4. Amazon-com (AMZN)

Amazon. com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally.

• Previous close price: $120.58
• Market capitalization: $1,237,199,093,760
• 1 year performance: -94.37%
• P/E ratio: 280.4186

Buy AMZN stock on National Bank Direct Brokerage

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5. Ecofibre (EOF)

Ecofibre Limited, together with its subsidiaries, engages in the breeding, growing, manufacturing, marketing, and selling of hemp products in the United States and Australia. The company operates through Ananda Health, Ananda Food, and Hemp Black segments. It offers CBD products for human and pet consumption, as well as topical health and beauty products; hemp related food products; and textile and hemp products.

• Previous close price: A$0.18
• Market capitalization: $68,096,837
• 1 year performance: -45.83%
• P/E ratio: 0

Buy EOF stock on National Bank Direct Brokerage

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Note: The dollar amounts in the table below are in Canadian dollars.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in hemp stocks, keep in mind that — like any investment — hemp stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the hemp industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.