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5 Stocks Heading ‘Higher’ on Legalized Marijuana

Companies catering to the stoner lifestyle could win out

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PepsiCo (NYSE:PEP) is another food company that could make bank off the munchies.

If you’ve seen Half Baked, you can’t think about weed without quickly thinking about Funyuns. Well, PepsiCo’s Frito-Lay division makes ’em … and it makes Doritos, Tostitos, Cheetos, Lay’s, Ruffles, Fritos and a host of other bagged-snack favorites!

That said, again, investors have options. Mondelez International (NASDAQ:MDLZ) — the snack side of the former Kraft — has options for stoners with a sweeter tooth, providing nibbles like Oreos, Chips Ahoy and Nutter Butters.

Article printed from InvestorPlace Media,

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