These two cannabis stocks are following the same strategy

The hemp industry is one of the fastest growing markets in the US and abroad. Because hemp is so closely related to cannabis, many top pot stocks to watch have raised funds to invest and explore the potential of hemp. Since hemp was legalized in the US only a few years ago, the market has not yet had a chance to develop fully. But the growth of hemp has happened at the same time as the growth of the cannabis industry. During this period, many leading marijuana stocks have also become hemp stocks to watch. Since these companies already have the infrastructure to grow cannabis, making the switch to hemp is not that difficult. As mentioned earlier, this area of ​​the cannabis industry hasn't had much time to develop. Because of this, there are many opportunities to work in pot supplies that work with hemp. In addition, investing in marijuana stocks that work with hemp can often be less volatile than investing in purer pot stocks. With that in mind, here are two leading marijuana stocks with varying degrees of exposure to the hemp industry. Charlotte's Web Holdings Inc. (OTC: CWBHF) is one of the top names investors think of when looking at the CBD industry. Despite operating in the CBD, the CWBHF's stocks are primarily considered marijuana stocks. Charlotte's Web has a unique advantage when it comes to the cannabis industry. For hemp to circumvent cannabis laws, it must be below 0.3% THC. This means that pot supplies that grow cannabis for CBD products cannot be sold in the same way as hemp-based products would. In this way, the CWBHF's holdings are highly exposed to the cannabis industry without taking all of these risks. Although other marijuana add-on stocks like Innovative Industrial Properties Inc. (NYSE: IIPR) and KushCo Inc. (OTC: KSHB) are also less exposed to the cannabis industry, they may have less profit potential due to the greater market growth. Because of this, CWBHF's shares have a high value that isn't found in many other similar marijuana stocks. Given the rapidly increasing demand for the CBD, Charlotte's Web remains a leading marijuana stock to watch. GW Pharmaceuticals Inc. (Nasdaq: GWPH) is another of the premier hemp / top stocks to watch. Unlike pure marijuana stocks, GWPH stocks are a pharmaceutical company. The company uses hemp and cannabis to manufacture its pharmaceutical products. The company's most profitable pharmaceutical, Epidiolex, generated nearly 90% of the company's total revenue. In addition, Epidiolex has continued to receive great support around the world. With the product being licensed in markets like Europe, GWPH shares could be poised for big growth. Many other pot supplies have attempted to hit the CBD-based product market. However, the GWPH inventory is widely considered to be the leader in this area of ​​the cannabis industry. Companies like Canopy Growth Corp. (NYSE: CGC) are working to win their share of the industry, but as mentioned, GW has a very strong lead. Because of this, it remains one of the most interesting stocks of marijuana to watch.