One cannabis REIT and one MSO are at the top of the list for investments
Several reports have predicted a staggering valuation of $100 billion by 2026 for the cannabis industry. If one were smart and believed faithfully in these expectations, the most viable thing to do would be to invest in marijuana stocks. The idea of every investor is to put their money into stocks that will provide a great return in the future, and right now, there are two marijuana stocks that are heating up in the oven that could be a great dish to enjoy over the long term.
Innovative Industrial Properties (IIP) is certainly a unique option in the marijuana stock space, either because it pays a solid dividend or because it has a smart business structure that keeps delivering positive results. Unlike many companies in the marijuana space that are in the business of manufacturing or selling cannabis products or even operating dispensaries in different states, IIP is a real estate investment trust (REIT). It owns a substantial portfolio of 74 commercial properties spread across the US. Its strategy of positioning itself in key markets such as California, Colorado, Florida and Illinois has brought the company positive results. Its business model is based on leasing its portfolio of greenhouses and other facilities to licensed medical marijuana growers. Trulieve, Cresco Labs and Harvest Health & Recreation are some of its well-known tenants.
And on the other side is Jushi Holdings, a company that comes to many investors’ minds whenever cannabis stocks are mentioned. This multi-state operator owns a chain of retail locations in California, Virginia, Illinois and Pennsylvania, where it has its largest number at thirteen. As if that weren’t enough, Jushi operates multiple processing and cultivation facilities across the country, and earlier this year made its mark in Massachusetts by acquiring two dispensaries there.