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What Are Hemp Penny Stocks?

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What Are Hemp Penny Stocks?
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As the term suggests, Hemp Penny Stocks are stocks related to the hemp industry. Penny goes for stocks that trade under $5 per share. Although they trade at a low price, many of them belong to big players in the sector and have high chances of experiencing a rise. If you are looking to invest in this sector, here’s a list of hemp stocks to watch in 2021. There are many to include on your list, such as Charlotte’s Web Holdings, GW Pharmaceuticals, and more.

Hemp’s popularity has skyrocketed in the last few years. It enables individuals to reap the benefits of cannabis without getting stoned. The modern market has hemp products that contain 0.3% tetrahydrocannabinol (THC) or less.

After the 2018 Farm Bill, several states legalized the use of hemp for medical and recreational purposes. However, even before this decision, the popularity of hemp products was on the rise. Today, there are different types of hemp stocks:

  • Hemp-grower stocks
  • Hemp CBD stocks
  • Hemp product stocks

What are Hemp Penny Stocks

As discussed earlier, these are stocks that trade around $1 per share but can also be less than $5 per share… A significant reason to invest in these stocks is that they are fast movers.

Usually, penny stocks belong to small companies. Many times, they are new entries to the stock market. However, several of them hold the potential to grow quickly. But it doesn’t mean that you’ll get rich in the blink of an eye when trading penny stocks.

Hemp CBD Stocks and Hemp-Grower Stocks

CBD stocks are a trending topic in the stock market. Although selling CBD comes with a number of restrictions, many traders think CBD stocks have a bright future ahead of them. It is believed that if FDA eases regulations, the CBD stock market will have an explosion.

Right now, the CBD stock market is ruled by Canadian stocks. One of the most popular names in the category is Cronos Group Inc.

When it comes to hemp product stocks, the good news is that they are less complicated than CBD stocks. In this case, the market doesn’t wait for the FDA to ease the regulations. For example, brands like Levi Strauss & Co. have been reaping the benefits of the hemp stock market for the last many years. They don’t pay much attention to what the FDA announces about CBD.

On the other hand, hemp penny stocks are easy ways for investors to enter the hemp stock market and grow.

How to Trade Hemp Penny Stocks

When you’re thinking of getting hemp penny stocks, it is essential to do your research before making a move. Collect information, prepare, and gain experience.

The world of hemp penny stocks is enormous and overwhelming. To become a top trader, build your knowledge of different stocks and their working. Apart from analyzing the market, make a strategy to proceed.

Top Hemp Stocks to Watch in 2021

In addition to knowledge of available stocks, keep an eye on the best hemp stocks to watch in 2021 to make quick, informed decisions. Here are stocks to observe:

  • GreenGro Technologies

GreenGro has experienced several ups and downs in the last few years. It rose to all-time highs before falling dramatically. In 2014, the stock jumped from $0.045 to $1.20 in just days. Although the company didn’t experience a similar spike in the recent past, it holds the potential to surprise traders and investors.

  • Charlotte’s Web Holdings

Earlier, it was a high-priced stock. However, the company didn’t have a good time recently. Now, the good news is that Charlotte’s Web Holdings garnered attention during the pandemic. Backed by the legalization news, the stock has been making a return. It is believed that traders are likely to back Charlotte’s Web Holdings.

  • GW Pharmaceuticals

Known for making the first FDA-approved CBD-based drug, GW Pharmaceuticals is an interesting name in the hemp stock market. Right now, the company has been working on another cannabinoid, which is supposed to treat people with autism.

In the End

Although there are top hemp stocks to watch this year, do your research and find the best options to invest in.

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