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. If you're looking for more info on cannabis stocks, read our guide to investing in marijuana.
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 on Qtrade |
|---|---|---|---|---|---|
| Levi Strauss-and-Co Class A (LEVI.US) | 7.93% | $8.4 billion (USD) | NYSE | 5,769,392 | |
| Tilray (TLRY.US) | 625.71% | $1.1 billion (USD) | NASDAQ | 3,238,871 | |
| Canopy Growth (CGC.US) | -44.22% | $480.9 million (USD) | NASDAQ | 14,116,800 | |
| Ecofibre (EOFBF.US) | (data unavailable) | $378,873 (USD) | PINK | (data unavailable) |
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.
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 & 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.
| Closing stock price | $20.54 |
|---|---|
| Market Capitalization | $8.4 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 |
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.
| Closing stock price | $7.62 |
|---|---|
| Market Capitalization | $1.1 billion |
| Gross profit (TTM) | $234.7 million |
| Profit margin | -251.69% |
| Revenue (TTM) | $837.3 million |
| Earnings per share (TTM) | -$23.53 |
| 52-week stock price range | $3.51 – $23.20 |
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis, hemp, and cannabis-related products in Canada, Germany, and Australia. It operates through four segments: Canada Cannabis, International Markets Cannabis, and Storz & Bickel, and This Works. The company offers dried flower and pre-rolled joints; extracts and concentrates, such as softgel capsules; cannabis edibles, including gummies; cannabis vapes; and oils, beverages, concentrates.
| Closing stock price | $1.11 |
|---|---|
| Market Capitalization | $480.9 million |
| Gross profit (TTM) | $76.6 million |
| Profit margin | -138.49% |
| Revenue (TTM) | $278.6 million |
| Earnings per share (TTM) | -$1.94 |
| 52-week stock price range | $0.77 – $2.90 |
Ecofibre Limited, together with its subsidiaries, engages in the polymer, health care, and hemp seed genetics businesses in the United States and Australia. The company operates through Ecofibre Advanced Technologies, Ananda Health, Ecofibre Genetics, and EOF Bio segments. It offers cannabinoid based health products for human and pet consumption.
| Market Capitalization | $378,873 |
|---|---|
| Gross profit (TTM) | $11 million |
| Profit margin | -58.18% |
| Revenue (TTM) | $28.4 million |
| Earnings per share (TTM) | -$0.03 |
| 52-week stock price range | $0.00 – $0.01 |
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