The hemp industry is booming. Last year, it was valued at $5 billion and it is estimated to reach more than $24 billion in the next 5 years. Most hemp stock investors understand the astounding growth potential of this new industry but don’t know the best hemp stocks to buy. With so many investment options, how do you determine the best hemp stocks to invest in for both short and long term gains? We’ve compiled a list of the top 3 best hemp stocks to buy now.
Why cannin.com? Cannin.com has over two years of successful stock picks. In fact, 78% of our picks prove to be true within 30 days or less.
Best Hemp Stock #1: HempFusion Wellness (CBDHF)
[stock_market_widget type=”combo” symbol=”CBDHF” template=”tablechart” color=”default” fields=”virtual.symbol,virtual.name,quote.regularMarketPrice,quote.regularMarketChange,quote.regularMarketChangePercent” chart=”line” range=”1y” interval=”1d” line-color=”rgb(14, 135, 28)”]
HempFusion, Inc. (OTC: CBDHF) is a CBD health and wellness company with an incredible trajectory making it one of the 3 best hemp stocks to buy now. In fact, Cannin.com recommended HempFusion ahead of its IPO back January and, since then, the stock is up nearly 300%.
HempFusion has nearly 50 SKUs with many more on deck. The market for HempFusion’s brand range of Probulin probiotics and digestive enzymes is estimated to be worth $76.7 billion by 2027 alone. In fact, HempFusion just entered China with it’s Probulin probiotics brand – opening up a market of over 700 million new potential customers.
HempFusion’s direct competitors (Charlotte’s Web and CV Sciences) already have market caps over $400 million. If HempFusion continues to sell in the USA, Europe, Asia and Latin America, then they’ll hit 3-5x current revenues.
We’d strongly recommend considering a position in HempFusion (OTC:CBDHF) and believe it is one of the 3 best hemp stocks to buy now. See our comprehensive fundamental analysis of HempFusion here.
Best Hemp Stock #2: GW Pharmaceuticals (GWPH)
[stock_market_widget type=”combo” symbol=”GWPH” template=”tablechart” color=”default” fields=”virtual.symbol,virtual.name,quote.regularMarketPrice,quote.regularMarketChange,quote.regularMarketChangePercent” chart=”line” range=”1y” interval=”1d” line-color=”rgb(14, 135, 28)”]
GW Pharmaceuticals (NASDAQ: GWPH) is a hemp biotech company that is one of the 3 best hemp stocks to buy now because of its flagship medicine, Epidiolex, which is derived from CBD. Epidolex has been well-received by the patients and the pharmaceutical industry. Epidiolex is the single-most factor driving the growth of GW Pharmaceuticals. GW Pharma has a strong balance sheet with a cash on hand of more than $500 million.
This depicts its inherent strength in being unperturbed in the face of the pandemic. It also highlights that the company has adequate finance to fuel further R&D and its growth opportunities.
The COVID-19 crisis did not have a significant impact on most of the medical marijuana companies, because they were deemed as an essential service. The unique proposition of GW Pharma is its affordable drugs and limited competition in this segment. With more treatments and clinical trials underway, GW Pharmaceuticals is surely a smart stock pick in the medical cannabis category and we believe it’s one of the top 3 hemp stocks to watch in 2021.
Best Hemp Stock #3: Scotts Miracle Gro (SMG)
[stock_market_widget type=”combo” symbol=”SMG” template=”tablechart” color=”default” fields=”virtual.symbol,virtual.name,quote.regularMarketPrice,quote.regularMarketChange,quote.regularMarketChangePercent” chart=”line” range=”1y” interval=”1d” line-color=”rgb(22, 134, 57)”]
To date, Scotts-Miracle-Gro (NYSE: SMG) has outperformed just about every hemp stock in the industry making it one of the 3 best hemp stocks to buy now. In the fourth quarter, company-wide sales increased by 79% across all products and retail channels.
Scotts-Miracle expects to deliver an EPS ranging from $8 to $8.40 during the fiscal year 2021 which means yet another year of double-digit growth in earnings is visible. All told, SMG is certainly one of the 3 best hemp stocks to buy now.
Why cannin.com? Cannin.com has over two years of successful stock picks. In fact, 78% of our picks prove to be true within 30 days or less.
3 Best Hemp Stocks to Buy Now
Find the best hemp stocks at Cannin.com
Cannin.com is your #1 resource for the best hemp stocks. Our team of financial experts evaluates all emerging hemp stock investing opportunities. We aggregate hundreds of hours of market research to provide tips on the best hemp stocks for 2021.
Use Cannin as your resource for:
- Cannabis and hemp stocks & investing news
- Featured cannabis & hemp stocks analysis
- Comprehensive cannabis and hemp stock reports
Is it too late to invest in hemp stocks? No! This is the perfect time to invest.
Wall Street analysts expect the global cannabis industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in hemp stocks is now.
Are you interested in the best hemp stocks for 2021 like HempFusion, Inc., Charlotte’s Web, Canopy Growth, or Hemp Inc.?
Are you looking to buy stock in hemp companies or stock in cannabis companies in 2021? Interested in penny hemp stocks?
Predict price movements of hemp stocks several hours in advance with our proprietary algorithmic stock trading software.
- +30% Gains in 2020
- +49.8% Gains in 2019
- Backtested since 2012
At Cannin, we’re so confident you’ll love our algotrading hemp stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.
Profit from the best hemp stocks – we’ll show you how at cannin.com.
