20 Marijuana Stocks to Watch in 2017
By JACK DELANEY, Associate Editor, Money Morning • November 30, 2016
Marijuana Stocks to Watch in 2017 No. 16: NOW Corp.
NOW Corp. (OTCMKTS: NWPN) was founded in 1993 and is headquartered in Portland, Ore.
NOW Corp. owns five acres of farmland in Colorado. Its business model is to farm, produce, develop, and commercialize recreational and industrial hemp. The company's main product now is CBD oil extracted from cannabidiol plants.
NOW Corp. is allowed to currently produce and distribute CBD oil to most U.S. states because it contains little to no psychoactive ingredients.
When there are less restrictions on hemp sales, NOW plans to expand production for more industrial uses for hemp.
The NWPN stock price is down 88% over the last 12 months.