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.
5 popular hemp stocks to watch
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 stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| Levi Strauss-and-Co Class A (LEVI.US) | (data unavailable) | $8.7 billion (USD) | NYSE | (data unavailable) | Buy now |
| Campbell’s (CPB.US) | (data unavailable) | $9.1 billion (USD) | NYSE | (data unavailable) | Buy now |
| Tilray (TLRY.US) | (data unavailable) | $943.1 million (USD) | NASDAQ | (data unavailable) | Buy now |
| Amazon-com (AMZN.US) | (data unavailable) | $2.5 trillion (USD) | NASDAQ | (data unavailable) | Buy now |
| N/A (EOF.AU) | (data unavailable) | (data unavailable) | N/A | (data unavailable) | Buy now |
What to look for when investing in hemp stock
The hemp industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering hemp stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in hemp stock
- Research the hemp industry. Before investing, learn about the hemp stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the hemp stock(s) to buy. Search by company name or ticker symbol, like LEVI or CPB. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy hemp stocks
Are hemp stocks a good investment?
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.What are the best hemp stocks?
A lot of factors go into picking the best hemp stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong hemp stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular hemp stocks in or related to the hemp industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some hemp stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each hemp stock below. Keep reading to decide if any of these companies are the right investment for you.
Levi Strauss-and-Co Class A (LEVI)
Levi Strauss & Co. designs, markets, and sells apparels and related accessories for men, women, and children in the United States and internationally. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co.
| Market Capitalization | $8.7 billion |
|---|---|
| Gross profit (TTM) | $4 billion |
| Profit margin | 9.15% |
| Revenue (TTM) | $6.6 billion |
| Earnings per share (TTM) | $1.31 |
| 52-week stock price range | $11.91 – $24.65 |
Campbell’s (CPB)
The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. It operates through Meals & Beverages, and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
| Market Capitalization | $9.1 billion |
|---|---|
| Gross profit (TTM) | $3.2 billion |
| Profit margin | 5.87% |
| Revenue (TTM) | $10.3 billion |
| Earnings per share (TTM) | $2.01 |
| 52-week stock price range | $29.03 – $44.20 |
Tilray (TLRY)
Tilray Brands, Inc. , a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, the Middle East, Africa, and internationally. The company operates through four segments: Beverage, Cannabis, Distribution, and Wellness.
| Market Capitalization | $943.1 million |
|---|---|
| Gross profit (TTM) | $239.8 million |
| Profit margin | -258.54% |
| Revenue (TTM) | $830.8 million |
| Earnings per share (TTM) | -$2.42 |
| 52-week stock price range | $0.35 – $2.32 |
Amazon-com (AMZN)
Amazon. com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
| Market Capitalization | $2.5 trillion |
|---|---|
| Gross profit (TTM) | $346 billion |
| Profit margin | 11.06% |
| Revenue (TTM) | $691.3 billion |
| Earnings per share (TTM) | $7.09 |
| 52-week stock price range | $161.38 – $258.60 |
N/A (N/A)
N/A. . .
Compare trading platforms to buy hemp stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding hemp stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of hemp stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the hemp industry to know when to buy, sell or hold.Frequently asked questions about hemp stocks
Sources
Check these other commodities and investment sectors
If you're thinking about diversifying your portfolio and investing in sectors beyond hemp stocks, here are some others you can consider:More guides on Finder
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