Why New Age Beverages Stock Is Surging Today

Why New Age Beverages Stock Is Surging Today

New Age Beverages (NBEV) stock rose 11.2% as of 11:50 AM EST today as the Farm Bill—which, among other things, would legalize hemp—passed in the Senate. New Age Beverages and other companies making CBD-based products are expected to benefit from hemp’s legalization. Hemp is a form of cannabis with low THC (or tetrahydrocannabinol, the psychoactive constituent of cannabis).