Cannabis Stocks to Take a Look At In October

The cannabis market has been moving forward with a massive amount of propensity toward the future. With new legislation going into place around the world and in North America specifically, it seems as though now is a better time than ever to take a look at the marijuana industry. Many stocks have moved to the forefront of the market given the changing public opinion of the substance, and as we move toward more countries legalizing the use of recreational cannabis, the future of the market almost as exciting as the present.

The company Cronos Group (NASDAQ:CRON) has been on the top of many investors’ watch lists for some time now as they have a very broad amount of exposure throughout the whole market. The company was made famous as it became the first pure-play cannabis stock to be listed on the NASDAQ or a prestigious U.S. exchange in general. This helped to bring a large and much needed amount of attention to the company and the whole of the cannabis market as prior to this, many investors and especially institutional investors may have been afraid to invest in the cannabis space. The large amount of taboo associated with the industry has slowly been dissolving as more and more of these stocks continue to show intrinsic value and billions in capital. Cronos Group also recently announced a partnership with the company MedMen, a large cannabis retailer based out of California.

The company Canopy Growth (NYSE:CGC) is another one of the company’s to benefit from a large and noticeable stock exchange listing. A month or so after the company was able to list on the NYSE, they announced the largest deal of all time in the cannabis space. The company Constellation Brands (NYSE:STZ), a large beverage supplier and producer, stated that they would be extremely interested in the prospect of producing cannabis infused drinks for sale on the market. STZ stated that they would be putting in a third investment totaling around $4 billion. This also has helped to bring in a large amount of investors that otherwise would not have felt the desire to come into the space.

The company Leafbuyer Technologies Inc. (LBUY) has been another one of the big players in the cannabis space but not in the traditional way. Leafbuyer has promoted itself as one of the largest online resources for those in the cannabis space such as buyers, sellers and everything in between. As one of the online resources for the cannabis space, the competition has yet to become too fierce. The hopes are that LBUY can continue its reign to disseminating information about everything from what strains to purchase all the way to how to consume cannabis in its many forms.

The cannabis industry as a whole has remained wildly exciting over the course of the past several years. The past few months in the industry have helped to create an influx of capital that has in turn pushed the market forward into the future. Only time will tell how the coming months in the space will change the overall atmosphere of the cannabis industry.

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