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5 Stocks Heading ‘Higher’ on Legalized Marijuana

Companies catering to the stoner lifestyle could win out

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All those stoners are going to need a soundtrack to jam out too, man. Thus, the businesses behind laid-back tunes could see a bump with more folks lighting up.

Dave Matthews Band — whose fans have earned a certain reputation — is on the RCA label, which is owned by Sony (NYSE:SNE). Sony also distributes music by O.A.R.

Meanwhile, Phish and The Grateful Dead (more classic stoner bands) belong to labels owned by Time Warner (NYSE:TWX).

There’s also Vivendi‘s (PINK:VIVHY) Universal Music Group — owner of Bob Marley’s Island Records label.

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