The Hemp Products sector consists of companies that produce and sell hemp products.
Hemp has low to minute levels of the psychoactive compound tetrahydrocannabinol (THC) and high concentrations of the non-psychoactive compound cannabidiol (CBD).
As such, CBD is derived from hemp for use in CBD products such as oils and tinctures. Whilst marijuana also offers the same property, its high level of THC renders its use illegal in many jurisdictions.
Hemp is a versatile plant and is also used to make textiles, papers, and biofuel amongst other things.
Companies in the Hemp Products sector include Charlotte’s Web Holdings Inc, Hempco Food and Fiber, and CV Sciences to name a few.
A few days ago, CV Sciences Inc (OTCQB:CVSI) announced that it’s expanded its PlusCBd Oil brand, launching seven new body care products. At the time of writing, CV Sciences stock is trading in the red, …
Reports surfaced this week that Charlotte’s Web Holdings (TSX:CWEB) (OTCQX:CWBHF) has secured a patent for a hemp strain, marking this as the first US patent for a hemp plant. First reported on September 13 by …