The cannabis industry has been awaiting the news of Canadian legislation to take control of the market for some time now. With these new laws has come a large amount of acceptance for a market that has long been considered too taboo to invest in by many institutional investors. Many stocks have been able to find their stride in the new market on cannabis, but many investors are still looking to the future for their gains. The recent times in the industry has been slighted by uncertainty from all around the market regarding everything from laws to the confidence of those in the space.
Next Green Wave (NGW) has been one of the primary stocks that investors have been watching in the past year or so. The company has been able to present a new take on the CBD industry by offering very specialized products for everything from sleep medication to pain reduction. All of the products have been a part of their new line of specifically targeted CBD products which have seen a large amount of success and acceptance from the whole of the market. The CBD industry has, on its own garnered a large amount of attention in recent times as the substance is becoming more readily available to be studied by groups of scientists around the world. Next Green Wave seems to be one of the companies that has been working to take advantage of this for growth in the marijuana stock market. Although they still represent the smaller side of the industry, the company should not be overlooked in any way for its size and should continue to be watched by a wide variety of investors.
CV Sciences (OTC:CVSI) has been another company that has been working in the CBD side of the industry. The company has stated that they are based out of Las Vegas, which has helped with their exposure to one of the larger markets within the U.S. CV has worked to have their products get into various lines targeted at the health conscious side of the market such as health food stores. CBD as many know, is the non-psychoactive component of the cannabis plant, but still offers most of the medicinal benefits and some on its own. For this reason, CBD has continued to be studied as one of the leading substances with massive amounts of potential for the medical and health industry. The company grew revenue by as much as 87% during the 2017 fiscal year which is quite substantial considering where the other side of the market has been as a whole. For this reason, many investors have continued to watch the CBD focused companies within the industry.
CBD represents one of the most promising aspects of the cannabis plant, and for investors, one of the best ways to see market growth throughout the future. Only time will tell how laws can affect the dispersion of the substance and the innovation that companies continue to focus on as we move throughout the coming future within the marijuana stock market.
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