Hemp stock price is benefitting from increased online

Hemp stock price is benefitting from increased online retail adoption, with e-commerce cannabis sales growing double digits year-over-year. This shift could sustain the current upward momentum in share value. Tilray (TLRY) shares closed nearly 60% higher on Sept. 29 after President Donald Trump promoted cannabidiol’s (CBD) potential to “revolutionize senior healthcare” in a video posted on Truth Social. Victoria-based ECS Botanics bills itself as Australia's largest business-to-business medicinal cannabis cultivator and manufacturer. At its Australian Therapeutic Goods-licensed facilities, the company uses regenerative and organic agricultural practices and renewable energy sources to manufacture GMP certified products. The hemp stock price reached $2.41 today, marking its highest point in 14 trading sessions. Market watchers attribute this surge to increased exports and potential partnerships with pharmaceutical distributors.