These ancillary cannabis stocks are solid options heading into October

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Two cannabis-related companies provide great targets for investors

Now that a new month is about to begin, most of the top cannabis stocks to invest in are starting to see some upside in the market and that is certainly great news. Without a doubt, ancillary stocks are one of the leading players that are starting to become the favorites of many. These companies support the industry without really having a direct connection. One of their biggest advantages is that they have proven to have more stability than stocks directly related to the industry and, in some cases, provide a dividend to shareholders over the long term. There are some marijuana ancillary stocks that should definitely be looked at.

Leafly Holdings continues to be recognized as one of the most favored ancillary cannabis stocks among all investors. This online cannabis retailer and consumer resource has had a pretty solid year.

In fact, starting in 2022, the firm declared that trading of its common stock, LFLY, had begun on the NASDAQ. The site is used by many consumers to locate and purchase marijuana products from licensed and highly popular vendors. With the industry growing by the day, it is obvious why the platform has become extremely popular among the community.

On the other side is WM Technology, Inc., considered a driving force behind much of the legislative change in the cannabis industry over the last decade. Weedmaps, as it is widely known, is an online listing marketplace that serves as an important hub for cannabis consumers and businesses in the industry.

Through WM Business’ tools, it can support compliance with regulations that, at times, become quite complex and constantly changing. Weedmaps currently has an estimated ten million monthly active users, which has led to revenues in its second quarter of $47 million.

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