Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
3 CBD Stocks to Buy Now to Profit from the Coming $22 Billion Gold Rush
https://moneymorning.com/?p=1127275
Required Please enter the correct value.
Twitter
Stocks: CVSI, ELLXF, MMNFF

3 CBD Stocks to Buy Now to Profit from the Coming $22 Billion Gold Rush

By Money Morning News Team, Money Morning • November 13, 2019

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

While marijuana legalization in the United States has taken off over the past decade, there is still plenty of room for growth - especially when it comes to the best CBD stocks to buy now.

That's why we're giving you our list of the three top CBD stocks to buy, with one offering a potential upside of as much as 567%.

Since legalization began, the U.S. legal cannabis market has grown into a $10.4 billion industry. In a little under one year, Business Journal reports that cannabidiol (CBD) has soared to account for $591 million of that $10.4 billion. Within the next three years, forecasts call for CBD to grow an insane 3,623% to $22 billion, according to Grand View Research.

You see, CBD's popularity skyrocketed in 2019 thanks to the Decemeber 2018 Farm Bill. This made hemp cultivation and sale legal. And since CBD is derived most easily from hemp, CBD became legalized as well.

As you can see, there is still plenty of growth to come. And it's exactly why we're all in on some of the top CBD stocks. Each of our three best cannabis stocks to buy now are focusing on CBD and its lucrative market.

Top CBD Stocks to Buy Now, No. 3: Elixinol Global

Elixinol Global Ltd. (OTCMKTS: ELLXF) is a global hemp-based healthcare company based in Australia. It creates and distributes hemp skincare, hemp-derived CBD products, and branded raw materials across the world.

Elixinol is a top CBD stock to buy today for three reasons.

First, is its global reach. The company has established a successful food-based business throughout Australia over the past decade, with marijuana and hemp-based products.

Second, it's expanding its operations. Last year, Elixinol announced that it planned to increase the capacity of its Colorado facility by 12,000 square feet. From this facility alone, the company will be able to make 24,000 bottles of CBD each day.

This year, investors gave Elixinol $50 million, which it is using to again expand its Colorado facility by another 23,000 square feet. This is going to effectively double the company's production capacity.

Third, it's profitable. Sales for Elixinol have soared 121% over the past two years to $26 million. Over the same period, it achieved $500,000 in net income.

Not all penny stocks are profitable - especially ones in the cannabis industry. So, this is another reason we're pushing Elixinol to the top of our list of CBD stocks to watch.

The company's shares are currently trading at $0.89. Analysts have given this an average price target of $2.35 per share over the next 12 months.

But our next best CBD stock to buy today could perform even better.

Top CBD Stocks to Buy Now, No. 2: CV Sciences

CV Sciences Inc. (OTCMKTS: CVSI) is a San Diego-based legal cannabis company.

The company focuses on drug development as well as consumer products made from plant-based CBD.

Its consumer products division has also gone all-in on CBD, with a focus on the development of CBD oils and other products to tackle the growing market.

Early in 2019, CV Sciences introduced its PlusCBD Oil. Within a few short months, that product was available in over 3,300 stores across the United States, boosting its availability by almost 50%.

Even before the Farm Bill passed in 2018, the company's revenue and profits shot up to $48 million and $10 million, respectively.

The growth of CV Sciences so far is as impressive as its potential for more. Now, its revenue has grown to $58.6 million for the last 12 months.

And we expect that growth to continue.

In September 2019, it announced a new line of body care hemp CBD products. CV Sciences has also created a series of lucrative partnerships with retailers throughout the year. These include Kroger, Harris Teeter, and The Vitamin Shoppe - all of which have agreed to put the company's products on their shelves and in front of millions of consumers.

This stock is currently trading at $1.53 per share, and it has a high price target of $4.20. Today's investor has a potential upside of 174.5% over the next 12 months.

But our top CBD stock to buy today could shoot up as much as 567%...

Top CBD Stocks to Buy Now, No. 1

Join the conversation. Click here to jump to comments…

Login
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Ron Bendall
Ron Bendall
3 years ago

I bought exinol global last year at $3.69 .so upwards would be refreshing news .

0
Reply
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz