3 Top Cannabis Stocks to Buy for the Long Haul
A decade ago, only 16 states allowed the sale of marijuana for medical use, and none had yet legalized its sale for recreational use. Now, 36 states allow medical marijuana sales, and 18 of those, plus two territories and the District of Columbia, have also passed laws allowing the sale of recreational-use marijuana.
So it's easy to see which way the smoke is blowing for the cannabis industry -- but that doesn't mean all cannabis companies are good investments.
As is common with any new industry, there's a lot of upheaval in the cannabis space, with changing regulations, a lot of new companies, and evolving consumer tastes. That means there's plenty of risk, but to me, Cresco Labs (OTC: CRLBF), Trulieve Cannabis (OTC: TCNNF), and Innovative Industrial Properties (NYSE: IIPR) appear to be three of the best long-term bets.
Source Fool.com
