These two ancillary cannabis stocks could prove lucrative for investors

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It’s possible to invest in the growing cannabis market without investing directly in cannabis stocks

It is no secret that the marijuana industry has grown a lot in recent years. This is why, on many occasions, investors have looked favorably at the possibility of investing in cannabis company stocks. However, many others prefer to put their money in ancillary companies as they have no direct relationship with the plant. This is a good thing, given the volatility of the industry, as any changes in the market will not directly affect these companies. There are two ancillary companies that are performing very well so far and could be a good investment now that a new month is about to begin.

One of them is undoubtedly the US-based Agrify Corporation. Its business is primarily based on the manufacture of precision software and hardware for the indoor farming industry.

Among its current vast services are integrated grow racks, vertical growing systems, and LED grow lights. Through these technological solutions, many cannabis companies have achieved the highest possible quality, yield, and consistency at the lowest possible cost.

On the other hand, there is GrowGeneration, a company recognized in the US for providing and managing different organic and hydroponic growing facilities. Thanks to this growing business, the cannabis industry, and its growers can find a wide range of organic, lighting and hydroponic alternatives.

The firm currently owns and operates more than 60 gardening companies in the US. As a future plan for the next five years, the company intends to open at least 100 more points of sale in the country. Investing in companies with a vision like this is clearly a good idea.