More and more mainstream investors and companies are getting into the cannabis industry, pushing cannabis stocks higher and higher (pun intended). What are some stocks to watch, both directly involved in marijuana and those ancillary to the business sector? Well, if anyone knew for certain, they could get very wealthy, so no one knows for sure. However, with Canada legalizing cannabis commerce on October 17th, the future does look bright for the industry, and thus, cannabis stocks in general. Investor’s Business Daily has some suggestions:

Cronos Group has a partnership with MedMen, a large cannabis retailer and cultivator based in California.

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Cowen & Co. has said that being under Privateer’s umbrella could give Tilray access to Leafy’s consumer data. That access could give it greater insights into consumer tastes than rivals — particularly recreational ones.

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Thanks to a multibillion-dollar investment from Constellation Brands (STZ), it’ll have far more cash than many of its rivals to spend on acquisitions. CEO Bruce Linton, in August, said Canopy’s acquisition list was worth more than 1 billion Canadian dollars.

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Indirect marijuana plays have been around for years. GW Pharmaceuticals (GWPH) makes anti-seizure drugs derived from cannabis. Yard-care company Scotts Miracle Gro (SMG) has a hydroponics business. Marijuana ETFs, like ETFMG Alternative Harvest ETF (MJ), also offer broader exposure.

I have made relatively small investments in Cronos, Canopy Growth, Tilray, and Alternative Harvest ETF and I’m certainly not an investment expert, but it seems to me that Canada ending prohibition in about two weeks and then a few more states passing adult use and medical laws this November will only benefit the cannabis industry and keep stock prices climbing in the short-term at least. Of course, investors need to do their due diligence and diversify. The cannabis industry exists at the whims of politicians more than most other industries, but fortunately, the political winds are currently at our backs.

Keep up-to-date with the latest trends and promising investments in the cannabis industry and ancillary markets at the International Cannabis Business Conference in San Francisco this February 7-8, 2019. Don’t miss the opportunity to learn from experts and network with top investors and entrepreneurs from California and around the globe. Get your early bird tickets by January 18th to save!