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Moreover, online selections are usually vast, and the comfort of your own home is a better environment for you to weigh your options carefully.

The company’s products are lab-tested. But did not state where the extract was sourced from.

Area 52 talks emphatically about delta 8 THC’s life-enhancing potential. But more importantly, it doesn’t just talk the talk; it walks the walk. The company has all of the standards in place to back its eloquent words up.

Is Delta 8 THC Legal Everywhere?

Delta 8 THC manufacturers are going ahead at full throttle because delta 8 THC falls under the definition of a hemp-derived product.

Moreover, in the legal market, medical dispensaries, in particular, offer a much wider range of strains bred and groomed to produce specific effects. With the black market, not only are your options minimal, but you can’t even be sure of what you’re getting.

Unfortunately, the fact that delta 8 THC is federally legal doesn’t guarantee quality and safety. On the contrary — unlike legal marijuana with its strict regulations, hemp largely flies under the quality-control radar.

The convenience of online purchases is particularly valid when it comes to delta 8 THC. You can check products’ exact contents by carefully examining third-party lab reports — without the pressure that live interactions sometimes entail.

Marijuana is considered a Schedule I drug under the Controlled Substances Act, and is therefore illegal under the federal government.

Tilray was founded in 2013 and has its main headquarters in Toronto, Canada. The company also has offices in Australia, New Zealand, Europe, and Latin America. It launched its initial public offering (IPO) in 2018 and was the first cannabis company to trade on a stock exchange in the United States. Tilray entered into an agreement with New York University in 2019 to export CBD to the school for research purposes.

Tilray is the first company that received approval from the U.S. Drug Enforcement Administration (DEA) to ship cannabis products into the United States. It is a highly specialized case but represents a potential path forward for similar medical marijuana research outfits.

Canopy Growth

Marijuana is considered a Schedule I drug under the Controlled Substances Act. Therefore, it is still illegal under the federal government. While the National Institute on Drug Abuse says the FDA has approved two cannabinoid-based medications for market, the agency hasn’t conducted any wide-scale research or clinical trials about the benefits of marijuana on human patients.

With legalization proceedings in both Canada and the U.S., it was perhaps only a matter of time before another important first would happen: Companies are legally shipping marijuana from Canada to the United States. Below, we’ll explore two companies that do this and how they may reshape the international cannabis market.

Tilray (TLRY) is one of the major players in the cannabis industry. Back in September 2018, the medical cannabis products company announced it received approval from the U.S. federal government to import a cannabinoid product for a clinical trial in California. The product is designed to address a particular type of seizure disorder. The Canadian company is reliant upon exports to foreign markets because of its focus on the medical marijuana arena, according to a report by the Motley Fool. Exporting to the U.S. is crucial because the U.S. government has only one federally-approved facility to grow marijuana, meaning the flow of supplies for medical developers is excruciatingly slow.

The biggest question going forward is whether these cases signal a sea change to come, or if they’re simply one-off events. It is difficult to tell, especially since the laws and rules vary from state to state, not to mention how the drug is viewed by the federal government.

Image source: Getty Images.

There are two broad categories of cannabis products:

Here are seven steps to investing in the high-flying cannabis industry.

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.

Data sources: Yahoo! Finance, Bloomberg. Data current as of July 12, 2021.

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.