2 Top Cannabis Stocks to Buy for the Long Haul
The cannabis industry has remained a volatile place for investors over the past few years, as discussions about federal legalization remain in flux and changes at the state level emerge in a piecemeal fashion. Even so, at the time of this writing, 37 states have legalized marijuana for medical purposes, while 21 have also done so for recreational purposes.
For risk-tolerant investors, the slow but steady progress in the industry presents compelling opportunities to buy into companies poised to benefit from these tailwinds. Here are two cannabis stocks to consider right now.
Innovative Industrial Properties (NYSE: IIPR) is something of a rarity in the world of cannabis stocks because the company doesn't cultivate or sell marijuana or its derivatives. It's a real estate investment trust (REIT), and it owns and operates an expanding portfolio of properties and industrial facilities that it leases to state-licensed growers of medical cannabis.
Source Fool.com
