2 Top Cannabis Stocks to Buy for the Long Haul
It's much easier to build wealth by purchasing quality companies in a growing industry than in a dying industry. That's because there are more opportunities to reinvest retained earnings into growth opportunities in a thriving industry.
And with the U.S. legal cannabis market projected to almost triple from $27 billion in 2021 revenue to $72 billion by 2030, being landlords to legal cannabis operators appears to be promising. This is precisely the niche that the real estate investment trusts (REITs) Innovative Industrial Properties (NYSE: IIPR) and NewLake Capital Partners (OTC: NLCP) fill in the industry.
With 111 properties spread throughout 19 U.S. states worth approximately $2.4 billion as of early September, Innovative Industrial Properties (IIP) is the largest cannabis REIT. In the very early innings of the U.S. cannabis industry's growth, IIP seized upon the opportunity to establish its dominance in the industry. How did the company do so?
Source Fool.com
