These two ancillary cannabis stocks are forecast to see big gains this month

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Investing in companies indirectly linked to the cannabis industry can provide huge returns

October is almost half over, but there is still time to invest in marijuana stocks that have the potential to close the month on a high note. The past few months have seen important legislative developments that could be necessary to see any upward movement. With the hope that something major will happen, many investors who have their money well established in stocks could hit the jackpot. There are currently two ancillary marijuana stocks that should be taken into consideration as soon as possible.

The first is GrowGeneration Corp. This company works closely with its subsidiaries to operate and own organic and hydroponic gardening retail stores in the US. While it is true that ancillary stocks mean that the companies do not have a direct relationship with marijuana, their success is even greater than some that do. GrowGeneration recently signed a Groundwork BioAG deal to create a company to work with DYNOMYCO. With an agreement like this, they can bring together the marketing prowess and commercial reach of GrowGen.

The second company to consider is Scotts Miracle-Gro, which markets, manufactures, and sells lawn and garden products to consumers in the US and internationally. Early last month, the company made a major move with the appointment of a new CFO and executive VP. The arrival of Cory Miller and his years of experience shows that the company has the ability to have good leadership, and good leadership always means great development. When a company has great leaders, much more can be accomplished than imaginable.