The cannabis market has been moving up in value and investor interest for some time now, but the market has recently seen many moves being made to take it even further into the positive space. With the changing public perception of cannabis and shifting public policy, it seems as though we are just at the beginning of the cannabis revolution.

One of the biggest pieces of news to drop this year was the passing of the Canadian bill known as C-45 or the Cannabis Act. Justin Trudeau, the Prime Minister of Canada stated that this was one of his main goals when going into office, and promised the public that it would pass. The bill has since passed through the varying levels of government, and has since, helped to show that billions will be added into the Canadian economy each year.

The past week or so has seen some of the top cannabis stocks in the industry shoot up by quite dramatic amounts. Canopy Growth Corp (NYSE:CGC) managed to post one of the largest gains at around 83% for the ten day period from August 14th to August 24th. This is quite a large amount of growth considering the gains of other industries on the same exchange. Other stocks in the marijuana sector such as Aphria (NASDAQOTH:APHQF) and the Cronos Group (NASDAQ:CRON) managed to post gains around 61% and 76% respectively.

One of the largest reasons behind these massive gains has been the introduction of alcohol company investments into the cannabis space. Many of the largest producers and distributors of spirits, wine and beer, have been working to pour capital into the cannabis space in the hopes that consumers may be buying cannabis containing products such as drinks and edibles, in addition or instead of alcohol. This has been stated as one of their newest paths for growth, and given the amount of gains that these stocks have made in recent times, it seems like a very viable option. The largest of these investments came from Constellation Brands (NYSE:STZ) who decided that they were going to up their already large investment in Canopy Growth to almost $4 billion, which represents around 104.5 million common shares of stock. The company had already owned a 9.9% stake in Canopy towards the end of last year, but they continued to state that with the gains they were making, it made no sense not to invest more.

The other big partnership in the industry has come from Molson Coors Brewing (NYSE:TAP), who announced that they would be joining with the large marijuana producer, the Hydropothecary Corporation (TSE:HEXO). As these partnerships continue to happen, it looks as though Wall Street is looking into many of the other largest companies in the cannabis space for new investments.

The cannabis market as a whole has remained largely successful for some time now. As legislation continues to change throughout the space, investments in cannabis will begin to help the market reach its full potential in the coming years. The hopes are high that through innovation and the public support of marijuana reform, the companies mentioned above can continue to support one of the fastest growing markets around the world.

marijuana stocks investing

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