Hexo corp (nyse: hexo) Stocks for Marijuana legal

Hexo corp stocks are the stocks of companies engaged in the cultivation, development, and supply of medical and recreational marijuana.

Why is interest in marijuana stocks increasing?
Steps toward the regulation and legalization of marijuana in the United States and Canada have increased interest in companies in this sector.

Thirty-six US states have legalized the use of this controversial plant for medicinal use, and sixteen have also legalized it for recreational use. On October 17, 2018, Canada legalized the retail sale of cannabis, which boosted the actions of companies in the sector.

By trading stocks in the marijuana sector with derivatives, such as CFDs , investors can make a profit whether the stocks are rising or falling.

How to invest in the Hexo corp industry?
To create an effective investment or trading strategy in cannabis stocks, it is important to know the sector and the different industries in which the companies participating in this market operate.

Broadly, there are two types of products that are fueling the growth of this industry: medicinal and recreational.

Most companies are immersed in the production and development of medical marijuana in the form of unprocessed plants and products made with cannabinoids, compounds naturally present in the plant.

Regarding recreational marijuana, it is understood as that whose use is not medicinal. If other countries follow in Canada’s footsteps and legalize recreational marijuana, more companies are likely to focus on this area of ​​the industry.

Types of stocks in the hexo corp sector
There are a variety of companies specializing in different kinds of products. The three main categories of actions of marijuana belong to:

Producers : are the companies that grow, sell and distribute cannabis to consumers and businesses. Due to legal restrictions, US-based producers are not the main players in this category. However, Canadian growers have gained some notoriety since the product was legalized in October 2018.

Biotechnology : these companies are dedicated to the research and development of new products. Although they do not always work with the plant, but with synthetic forms of the compounds present in it, biotechnology companies are included within the sector.
Suppliers : These companies do not grow or develop marijuana or related products, but provide the tools and materials necessary for growing marijuana, such as lighting systems, hydroponics, specific soil for cultivation and fertilizers.
The best stocks to invest in (nyse: hexo)

The general and market interest in marijuana has led to significant growth for companies in the sector in recent years. We’ve looked at six of the most popular marijuana stocks:

Canopy Growth Corp (CGC)
Cronos Group (CRON)
Aurora Cannabis (ACB)
Tilray (TLRY)
Jazz Pharmaceuticals (JAZZ)
Sundial Growers
Associated British Foods (ABF)
Canopy Growth Corp (CGC)

Canopy Growth Corp (CGC) is a cannabis company based in Ontario (Canada) that can boast a production area of ​​more than 50 hectares. It began trading on the Toronto Stock Exchange under the ticker WEED, thus becoming the first regulated and publicly traded marijuana producer in North America.

In May 2018, it began trading on the New York Stock Exchange as CGC, and at the end of September of that year it became the company in the marijuana sector with the largest market capitalization: 11,500 million dollars. This was followed by a settlement with Constellation Brands (STZ) , the owner of Corona and other alcoholic beverages, which paid $ 4 billion for 38% of the company.

Canopy Growth shares reached an intraday high of $ 59.22 in October 2018, 54.5% more than the $ 30.85 with which it began its journey on the New York Stock Exchange.

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