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Best CBD Oil Stocks

Sugarmade (OTC: SGMD)

Sugarmade Inc. is a premier cannabis producer in the U.S. It operates business through 3 segments — paper and paper-based products, non-medical supplies and cannabis products delivery service and sales. Through its brand Budcars, Sugarmade sells more than 260 cannabis products.

The stock has a 52 week low of $.001 and a 52 week high of $.02, with a market cap of $12.114 million. Sugarmade is highly liquid, trading an average of 97 million shares daily with 2020 revenues of $5.33 million.

Aphria (NASDAQ: APHA)

Through an unrelenting commitment to the people, planet and product, Aphria produces high-quality cannabis in natural growing conditions. It owns and operates 2 medical brands including Aphria and Broken Coast, along with 3 adult-use brands such as Solei, Riff and Good Supply.

The CBD oil stock has a market cap of $1.1 billion and has high liquidity with an average daily trade volume of 3.4 million shares. It has an EPS of $0.09 and a P/E ratio of 49.33. Aphria generated total revenue of $174 million in 2019, making it one of the best stocks under $5 to invest in.

An institutional investor has made a strategic investment of CAD 100 million in Aphria. The investor has agreed to purchase 14,044,944 units of the company at a price of CAD $7.12 per share. Aphria also increased its net cannabis revenue by 65% compared to the last quarter of 2020.

Village Farms Intl (NASDAQ: VFF)

As one of the largest and longest-operating greenhouse growers in North America, Village Farms International produces and distributes premium cannabis to national growers in the U.S. and Canada.

The cannabis stock has a market cap of $288 million and trades over 1 million shares per day. It has an EPS of $0.04 and a P/E ratio of 128. Village Farms International generated total revenue of $144 million in 2019, making it one of the best stocks under $10.

Village Farm International recently reported its revenue in Q1 2020 and declared that it has had a profitable business for the 5th consecutive quarter. The cannabis company has also announced that it has expanded its credit facility with its existing lender by $59 million.

GrowGeneration (NASDAQ: GRWG)

GrowGeneration Corp. is a premier supplier of cannabis and cannabis-growing equipment. These products include organic nutrients, drip systems, water pumps, air pumps, LED lights and commercial light systems. It is the largest hydroponic supplier in the U.S., with 31 retail and distribution centers.

The cannabis stock has a market cap of $849 million and has an EPS of $0.02. It has an annual dividend yield of $0.02 per share. GrowGeneration has high liquidity and trades more than 1.7 million shares per day. It generated revenue of $79 million in 2019.

Neptune Wellness Solns (NASDAQ: NEPT)

Neptune Wellness Solutions Inc. is an integrated health and wellness company. It crafts high-quality hemp extracts such as essential oils, edibles, tinctures and sprays. The supply chain capabilities of Neptune Wellness Solutions provide end-to-end customer solutions. The company designs its products using the finest ingredients sourced from verified suppliers.

The marijuana stock has a market cap of $206 million. It has high liquidity and trades over 948,000 shares per day. Neptune Wellness Solutions generated revenue of $24 million in 2019.

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CBD Oil Stock Movers of the Day

Stay up to date with the latest price movements of CBD oil stocks on the market today. You can also review these premarket movers to help you trade stocks before trading sessions open.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket CBD Oil Stocks
  • Gainers
  • Losers
Symbol Last Price Change % Change Trade
MO 52.425 2.235 4.45% Trade
A 125.36 3.46 2.83% Trade
TAP 51.2889 1.189 2.37% Trade
CARA 20.03 0.46 2.35% Trade
SMG 240.71 5.34 2.26% Trade
CWEB 55.37 1.14 2.1% Trade
ABBV 105.885 2.005 1.93% Trade
STZ 234.9899 3.83 1.65% Trade
NBEV 3.015 0.025 0.83% Trade
GWPH 217.45 0.2 0.09% Trade
Symbol Last Price Change % Change Trade
HEXO 6.31 -0.42 -6.25% Trade
OGI 3.495 -0.165 -4.51% Trade
TLRY 22.05 -0.78 -3.42% Trade
ZYNE 4.6293 -0.131 -2.75% Trade
CRON 9.265 -0.245 -2.58% Trade
CRBP 1.96 -0.04 -2.01% Trade
ACB 9.11 -0.16 -1.73% Trade
CGC 32.04 -0.52 -1.6% Trade
IIPR 176.04 -2.02 -1.14% Trade
MJ 22.44 -0.12 -0.54% Trade
Market CBD Oil Stocks
  • Gainers
  • Losers
Symbol Last Price Change % Change Trade
VFF 13.74 0.61 4.64% Trade
HEXO 6.88 0.15 2.22% Trade
TLRY 23.31 0.48 2.1% Trade
MJ 22.87 0.31 1.37% Trade
MO 50.81 0.62 1.23% Trade
CGC 32.95 0.39 1.19% Trade
SMG 238 2.63 1.11% Trade
ACB 9.37 0.1 1.07% Trade
TAP 50.51 0.41 0.81% Trade
OGI 3.68 0.02 0.54% Trade
Symbol Last Price Change % Change Trade
ZYNE 4.68 -0.08 -1.69% Trade
CWEB 53.37 -0.86 -1.59% Trade
NBEV 2.97 -0.02 -0.67% Trade
After Hours CBD Oil Stocks
  • Gainers
  • Losers
Symbol Last Price Change % Change Trade
HEXO 6.39 0.05 0.78% Trade
IIPR 176.7 0.69 0.39% Trade
VFF 13.12 0.02 0.15% Trade
TAP 51.48 0.07 0.13% Trade
TLRY 22.11 0.03 0.13% Trade
Symbol Last Price Change % Change Trade
OGI 3.38 -0.12 -3.43% Trade
CRBP 1.91 -0.04 -2.06% Trade
MJ 22.25 -0.24 -1.07% Trade
CRON 9.25 -0.04 -0.44% Trade
CGC 32 -0.12 -0.38% Trade
MO 52.35 -0.14 -0.27% Trade
STZ 235.16 -0.39 -0.17% Trade
ABBV 105.95 -0.12 -0.12% Trade
ACB 9.11 -0.01 -0.11% Trade
A 125.64 -0.09 -0.08% Trade
Chetan Shekar
Contributor, Benzinga

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After the legalization of marijuana in the U.S., many companies are actively engaged in the research, development and distribution of cannabis. Cannabidiol (CBD) is the non-psychoactive substance present within cannabis and its products such as CBD oil has had a major impact on the health and wellness industry.

Take a look at these CBD oil stocks that are generating millions of dollars in revenue this year.

  • Overview: CBD Oil Stocks
  • Best Online Brokers for CBD Oil Stock
  • Features to Look for in CBD Oil Stock
  • Don’t Panic, It’s Organic

Overview: CBD Oil Stocks

Since ancient times, cannabis has been used as a form of medicine and as a means to induce euphoria. Indian sages have also mentioned the medicinal use of marijuana in Vedic hymns of antiquity.

However, President Richard Nixon banned the cultivation and sale of marijuana in the U.S. as part of his “war on drugs” campaign in 1970. It wasn’t until the Compassionate Use Act of 1996 was passed that California became the first state to legalize marijuana to treat people with severe or chronic diseases. As of 2020, 33 states in the U.S. have legalized the medical use of marijuana and 11 states have legalized the recreational use of marijuana.

According to a recent report by the New Frontier Data, the legal sale of cannabis could reach $30 billion by 2025. Due to such high potential to earn profits, alcohol companies have started to invest big in CBD oil companies.

Constellation Brands Inc. (NYSE: STZ) has invested close to $4 billion in Canopy Growth Corp. (NYSE: CGC). Molson Coors (NYSE: TAP) invested $1.8 billion in Hexo (TSX: HEXO). Budweiser (NYSE: BUD) entered a joint venture to develop non-alcoholic CBD drinks with Tilray Inc. (NASDAQ: TLRY).

You can still catch up with the market trend and gain some good earnings by investing in CBD oil stocks today.

Best Online Brokers for CBD Oil Stock

Online brokers let you browse and trade thousands of stocks listed on major stock exchanges. These platforms are bundled with tons of educational resources and tools to let you manage your stock portfolio on the go. Many of these online brokers also allow you to trade stocks commission-free.

Benzinga has handpicked these online brokers to get you started.

The rampant growth of the cannabis industry has sparked investor interest in CBD oil stocks. Consider investing in these stocks to grow your portfolio organically.