There are always winners and losers in the stock market, and cannabis stocks are no different. To help you find a winner, we’re showing you one of the top CBD oil stocks to buy now.
With the legalization of marijuana, cannabis stocks are starting to face some fierce competition. Beyond that, the recent public health crisis surrounding vaping has made investors skeptical of cannabis stocks.
According to the CDC, there have been reports of nicotine and marijuana vape products causing lung illnesses, and in some cases, they’ve been fatal. So far, the CDC has determined that Vitamin E acetate – a thickening agent in unregulated THC vape products – is potentially responsible.
However, these mysterious lung illnesses seem to be primarily linked to black market THC vape products, according to Money Morning Director of Cannabis Investing Research Greg Miller.
Despite this fact, the panic over the vaping crisis is starting to weigh on the firms that are selling their products legally.
For example, vaping products accounted for more than 19% of Colorado’s marijuana sales in August. Once October rolled around, that percentage had plummeted to 12% in total…
So, where are investors interested in the top cannabis stocks going now? Well, just as the vaping illness calls the purchase of vaping products into question, it also inadvertently puts a spotlight on other areas of the legal weed market: CBD.
Cannabidiol (CBD) is a non-intoxicating chemical found in marijuana and hemp that can help with inflammation. And since the Decemeber 2018 Farm Bill legalized the cultivation of hemp, CBD has exploded into a $591 million market, with the potential to grow more than 3,600% to $22 billion, according to Grand View Research.
As you can see, CBD firms are quickly becoming some of the best cannabis stocks to buy now. And