6 Stocks To Ride The Cannabis Product Wave

6 Stocks To Ride The Cannabis Product Wave

Stock investors seeking to profit from fast-growing demand for CBD -- the non-intoxicating ingredient derived from marijuana used in everything from medicines to foods -- should look closely at six stocks, according to a team at Piper Jaffray. Stocks best positioned to gain include pure-play companies that sell CBD concentrates, such as Charlotte’s Web Holdings (CWEB.Canada), CV Sciences Inc. (CVSI), Elixinol Global Ltd. (EXL.Australia), and Isodiol International Inc. (ISOL.Canada). Another top CBD-related pick includes GW Pharmaceuticals PLC (GWPH), which currently has the only FDA-approved drug derived from CBD for treating childhood epilepsies.