IIPR - Prediction: These Could Be the Best-Performing Cannabis Stocks Through 2030
2024-02-01 07:50:00 ET
Don't look now, but oft-maligned cannabis stocks aren't doing too badly these days. More than a few are seeing their stocks approach one-year highs, thanks to optimism about impending legalization and improving fundamentals.
Even after several rounds of consolidation in the industry, there are still plenty of weed stocks to consider. Among that bunch, I think the two companies that can go the distance and produce sector-beating returns for their shareholders over the next few years are Green Thumb Industries (OTC: GTBIF) and Innovative Industrial Properties (NYSE: IIPR) .
Green Thumb is an ambitious company making a concentrated effort to be a pot powerhouse. It's a Chicago-based, cannabis products maker and a multistate operator (MSO) with a 91 stores across 14 states.
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Prediction: These Could Be the Best-Performing Cannabis Stocks Through 2030