Better Buy: Canopy Growth vs. Constellation Brands

For investors seeking to profit from the legal marijuana industry, the choice between Canopy Growth (NYSE: CGC) and Constellation Brands (NYSE: STZ) presents a unique conundrum. Since the Corona distributor owns about 40% of the Canadian pot grower, deciding between the two is essentially a question of whether you'd rather own a piece of a pure-play marijuana business or a diversified alcohol company that also has significant exposure to the marijuana industry.

As you can see from the chart below, while Canopy has had some more pronounced ups and downs, both stocks are trading below where they were on Aug. 15, 2018, when Constellation announced it was upping its stake in Canopy to 38%. But where do they stand, today, and which one now holds more potential to reward shareholders?