Cramer's lightning round: These are the two smartest cannabis plays

• It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Consolidated Edison: "There's a feeling that the regulators are going to be very tough here, which is why I prefer American Electric Power. It's got better growth. It's got a better regulatory environment. I would not keep [ConEd] over AEP."

Atkore Inc.: "How do you know Atkore because this is a great little company? I mean, I'm not kidding. This is one, if it would pull back — it's at $87 — if it would pull back even $2, I would just tell people to buy it."

Innovative Industrial Properties: "Oh I love that. That's the best, that's the smartest way to play cannabis, man. And the second is the GrowGeneration, but that's the first."

Aurinia Pharmaceuticals: "They're just doing OK. It's a speculative stock, but it's not making any money. As a matter fact, losing a huge amount of money."

Ericsson: "That's making a comeback. I actually think, at this point, and I don't recommend this typically, Nokia is a better buy. I think Nokia is making a faster comeback than Ericsson."

Petco Health and Wellness Company: "I am a believer in [CEO Ron Coughlin]. I am a believer in Petco. I think it's a terrific stock. I know that everybody likes Chewy. I say there's more room than just Chewy. I think you've got a good one."

Madison Square Garden Entertainment: "I think you're calling about a winner, that's what I think. I think it's a terrific idea, and I think it's a good stock, and I used to not think that. So, I like it a lot."

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