5 hemp stocks to watch

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.

1. Levi Strauss-and-Co Class A (LEVI)
2. Campbell Soup Company (CPB)
3. Tilray (TLRY)
4. Amazon-com (AMZN)
5. Ecofibre (EOF)

Compare investment accounts that help you research stocks

The hemp stocks 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.

Our picks for platforms with research tools

How to invest in hemp stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like LEVI or CPB.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular 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. designs, markets, and sells apparels and related accessories for men, women, and children worldwide. 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.

• Previous close price: $18.09
• Market capitalization: $7,286,230,016
• 1 year performance: 29.31%
• P/E ratio: 50.9167

Buy LEVI stock on Interactive Brokers

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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: $45.58
• Market capitalization: $13,852,905,472
• 1 year performance: 0.30%
• P/E ratio: 18.7854

Buy CPB stock on Interactive Brokers

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3. Tilray (TLRY)

Tilray Brands, Inc. engages in the research, cultivation, processing, 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: $1.89
• Market capitalization: $1,511,290,880
• 1 year performance: 6.55%

Buy TLRY stock on Interactive Brokers

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4. 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.

• Previous close price: $186.41
• Market capitalization: $1,912,212,684,800
• 1 year performance: 39.10%
• P/E ratio: 51.6152

Buy AMZN stock on Interactive Brokers

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5. Ecofibre (EOF)

Ecofibre Limited, together with its subsidiaries, engages in the researching, producing, and selling of polymer-based industrial products and hemp derived nutraceuticals and food in the United States and Australia. The company operates through three segments: Ananda Health, Ananda Food, and Hemp Black. It offers cannabinoid based health products for human and pet consumption; hemp related food products; and textile and hemp products.

• Previous close price: A$0.05
• Market capitalization: $18,185,952
• 1 year performance: -71.88%

Buy EOF stock on Interactive Brokers

Buy hemp stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

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

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. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

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.