What Non-traditional Company Will Be Next To Benefit From The Green Rush?

This subsidiary is allowing Scotts Miracle-Gro to take advantage of pot’s rapid growth without putting too much skin in the game. Another company that very well could be benefiting is Cree ( NASDAQ:CREE ), a manufacturer of high-efficiency LED lighting and lighting systems. The traditional lighting solution for cannabis growers is to use high-pressure sodium (HPS) lights. But HPS lights tend to create a lot of heat and draw a lot of electricity Comparatively, LED lights run at a lower wattage and produce less heat, making them potentially ideal for growers . The downside? They cost a lot more up front, and there’s no guarantee the legal weed business lasts for the long term. It’s unclear just how much of a benefit, if any, Cree has seen from the expansion of the marijuana industry in North America, but I guess it’s been a positive for the company. What non-traditional company will be next to benefit from the Green Rush green rush? Only time will tell. Sean Williams has no position in any of the stocks mentioned.

To read more visit https://www.fool.com/investing/2017/10/07/no-grimace-here-this-fast-food-chain-is-loving-mar.aspx

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