JUSHF - Cannabis REITs: Still Flying High

• Flying High: The emerging Cannabis REIT sector has been far-and-away the best-performing property sector since the start of 2019, soaring more than 150% in 2020 following 70% gains the prior year.
• The momentum has continued this year after New York became the 15th state to fully legalize recreational marijuana. An additional 20 states allow medical usage, collectively covering 70% of the population.
• The ongoing federal prohibition - and the resulting limit on access to traditional banking - has forced cultivators and retailers to turn to alternative sources for capital, including cannabis REITs.
• Despite the Democrat sweep of the 2020 Elections, the outlook for full Federal legalization remains murky. Industry participants see a higher likelihood of decriminalization - keeping the issue in legal limbo - which benefits cannabis REITs.
• Valuations are sky-high and the business model remains unproven, but for growth-oriented investors willing to speculate on the emerging industry, cannabis REITs offer unique exposure and have delivered relentless performance.

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