So why is delta 8 THC federally legal if it’s practically THC’s first cousin? Because of a legal gray zone that leaves many people confused.
Moreover, online selections are usually vast, and the comfort of your own home is a better environment for you to weigh your options carefully.
No. Some states have placed bans or restrictions on its use. Laws can change quickly, so make sure you stay up-to-date.
For Medicinal Use
However, on August 20, 2020, the DEA introduced an Interim Final Rule, an amendment to the 2018 Farm Bill, deeming all synthetically-derived tetrahydrocannabinol a schedule I controlled substance. This category could include delta 8 THC, thus creating somewhat of a paradox.
Delta 8 THC is an excellent option for those who enjoy THC’s psychoactive effects but would still like to remain functional and clear-headed. Anecdotal evidence suggests delta 8 THC produces mild euphoria, focus, creativity, energy, and a mental buzz.
8Delta8 employs both internal and third-party testing, ensuring top quality and safety. Its products feature a QR-code, which takes you straight to the lab results on the company’s website. This way, customers can easily make sure that they’re not consuming any cutting agents or additives.
However, it’s not as normal as traditional goods and commodities. After all, marijuana is still illegal on a federal level and in many states.
Investing in marijuana companies in not right for everyone. For some, particularly conservative investors, the best approach is to avoid these types of stocks entirely. Only investors who understand and can tolerate high levels of risk should add cannabis companies to their portfolios.
Marijuana industry investors should closely monitor any marijuana stocks or ETFs in their portfolios, along with the overall industry itself. Some changes — such as if the U.S. federal government relaxed its marijuana laws — would be beneficial, while other changes could be devastating.
When choosing which cannabis stocks to buy, remember that some marijuana stocks are arguably safer than others. For example, Scotts Miracle-Gro, which historically sells lawn and garden products, makes most of its revenue from outside the cannabis industry. The company therefore doesn’t face many of the risks normally associated with cannabis products and may be a better choice for more conservative investors.
5. Evaluate the top cannabis stocks and ETFs.
Data sources: Yahoo! Finance, Bloomberg. Data current as of July 12, 2021.
Here are a couple of marijuana ETFs to also consider adding to your portfolio:
Below is a list of top marijuana stocks to thoroughly consider. Note that this collection isn’t comprehensive and includes only marijuana stocks with market caps of at least $200 million.
Global marijuana markets are growing like a weed. The value of the worldwide legal cannabis market is projected to increase by a compound annual growth rate of 14.3%, to reach $84 billion by 2028. With this impressive expected growth, it’s no wonder that many investors are interested in owning cannabis stocks.
If you’re a novice, don’t jump into the deep end—that means none of the wax, shatter, or other cannabis forms for advanced users—and stick to low dosages, measured in milligrams, unless you want to spend your entire visit to Colorado in a useless haze. Once you pick what you want, the clerk might hand your selection to another staffer, who will fill your order in another area and return the product to you right before you exit.
Dispensaries may sell you up to 8 grams of concentrates or edibles containing no more than 800 milligrams of THC.
Don’t let anyone smell it.
Being familiar with the main varieties helps you know what to buy. Sativa (cerebrally focused effects), indica (body-focused effects), and a hybrid of the two are the three main schools. Your clerk will tell you how strong each one is.
No giving your purchase to minors—minors can’t even accompany you when you shop.