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. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report However, the amount of hemp produced fell over 14 percent due to a drop in yield per acre. Despite this, the overall value of the state’s crop jumped 50 percent due to a sharp rise in the price of hemp. Midday trading shows hemp stock price up by 4.1% on volume 35% above average. Chartists note that the RSI remains below overbought territory, leaving room for further momentum if macro conditions hold steady.