12 Best CBD Stocks To Buy NowPosted by On

In this article, we discuss the best CBD stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to 5 Best CBD Stocks To Buy Now

Cannabidiol, also known as CBD, is a chemical compound commonly found in marijuana. CBD can be derived from hemp or non-hemp plants. It is an active ingredient in cannabis, one of the most prominent recreational drugs across the world. According to the United States government, marijuana is the most commonly used drug in the US. Nearly 48 million people across the country have used it at least once since 2019. This figure comprises nearly 18% of the total population in the United States. 

Although marijuana is still illegal in many US states, there has been a massive push towards the legalization of the drug. This is due to the incredible popularity of the drug as well as new research which sheds light on the medical benefits of using it. Last year, US President Joe Biden, in line with his promises made during the presidential campaign of 2020, asked the Health Department to reconsider whether the classification of cannabis as a Schedule I drug under the Controlled Substances Act was appropriate, given the medical research on the topic.

Schedule 1 drugs – like heroin and LSD – are generally defined as drugs that have no accepted medical usage and also have a high potential for abuse. Schedule III drugs, as marijuana is beginning to be classified under new regulations, are defined as drugs with a…

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