Cannabis - Oils and CBD

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These Are The Top 3 Marijuana Stocks in CBD Oil Right Now

By Laura Kuhl - Pot Network
JUL 03, 2018

Aphria Inc.

Aphria Inc. (TSX:APH) is a marijuana stock that is worth the investment right now. And their role in CBD oil extraction and distribution is part of the reason why. They recently set their sights on the South American market by becoming the exclusive supplier for ColCanna SAS.

ColCanna SAS is the first cannabis cultivator to receive a license to grow cannabis in Colombia’s luxuriant coffee zone. The company’s licenses for THC and CBD extraction are also pending. In the meantime, Ahpria is providing the company with cannabis products to further research and development. The end goal is to establish ColCanna as a supplier of Aphria’s pharmacy-grade CBD oil in South America, a move that could set Aphria up quite nicely and give them a chance to dominate the CBD market.

Scythian Biosciences Corporation (TSXV.SCYB) is in the process of acquiring ColCanna SAS, and the three companies are working together with an international supply agreement.

Isodiol International Inc.

May was a “historic month” for this marijuana stock. Isodiol International Inc. (CSE:ISOL) (OTC:ISOLF) CEO Marcos Argamont said as much in the company’s corporate update on June 11, which included the CAD$3.3 million the company earned last month in unaudited revenue.

And Isodiol has put in the work over the past couple of months. In May, they signed a licensing agreement with Liberty Health Sciences (CSE.LHS) (OTC.LHSIF) to bring a suite of CBD treatments to Florida and Massachusetts. And earlier in April, the company was approved to use their strains of CBD as an Active Pharmaceutical Ingredient. Isodiol’s strains are the first to be developed as 99 percent pure, and the company intends to develop a range of high-quality CBD products with their purified strains.

While CBD oil faces legal challenges at the federal level, Isodiol’s strategic moves into the American CBD market make them a marijuana stock to watch.

GW Pharmaceuticals

GW Pharmaceuticals (NASDAQ:GWPH) is setting the bar quite high for marijuana stocks when it comes to CBD oil. They made headlines as the first pharmaceutical company to have a cannabis-based drug approved by the FDA, and it is only starting to pave the way for more.

GW Pharmaceuticals is confident their new drug Epidiolex will receive the same warm reception as their first. Sativex is used to treat muscle spasticity, a symptom of Multiple Sclerosis (MS), and is already in Phase 3 of testing. It contains a one-to-one ratio of CBD to THC. Marketing permissions are already approved in 21 countries across the European Union.

Earning FDA approval for Epidiolex was a major feat, but it is entirely too early in the game to know what happens next. If anything, GW Pharmaceuticals could start changing the way people look at CBD oil, and that would be good news for marijuana stock investors.