With sentiment shifts in agricultural commodity futures, hemp stock price could see correlated gains as traders hedge against volatility in traditional crops. Cannabis stocks have been on an absolute tear in the past month as investors are optimistic that marijuana will soon be legalized at the federal level in the U.S. Curaleaf (CURLF) stock has surged nearly 90% year-to-date, making it the top performer among pot stocks tracked by Barchart . Australian cannabis companies listed on the ASX are operating in this space, creating goods such as medicines, flower and hemp products. Some ASX-listed cannabis companies are also producing recreational cannabis in other countries. 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.