IIPR - 3 Cannabis Stocks That Could Make You Richer
2023-04-14 05:42:00 ET
Cannabis stocks have underperformed over the last two years for various reasons, including the lack of progress on federal-level legalization. Even without federal legalization, the industry as a whole continues its rapid expansion, especially outside the U.S. Current forecasts from Allied Market Research suggest the global cannabis market which stood at $25.7 billion in 2021 could reach $149 billion annually by 2031 (a compound annual growth rate of 20%).
Savvy investors know there are risks associated with any high-growth industry and volatility is typical in an evolving industry. But a long-term outlook (i.e., patience) on an investment in some select cannabis stocks can make risk-averse investors wealthy. Here are three companies with the potential to be long-term success stories.
Innovative Industrial Properties (NYSE: IIPR) is not a pure-play cannabis company. Rather, it's a real estate investment trust (REIT) that assists medical cannabis companies.
For further details see:
3 Cannabis Stocks That Could Make You Richer