With warm weather upon us and people in the U.S. eager to make up for lost time from last year, it’d be a shock if marijuana sales did anything other than surge. Canny cannabis investors are, understandably, keen to cash in before the moment passes.
It’s not enough to just buy shares of the fastest-growing cannabis cultivators, though. Quick growth and profitably are challenging to say the least, and most marijuana companies struggle to achieve either. Let’s examine three cannabis stocks that are positioned to run hot this month — and for the foreseeable future, too.
Image source: Getty Images.
1. Innovative Industrial Properties
Innovative Industrial Properties (NYSE:IIPR) is an evergreen cannabis stock because it has something that every other marijuana company needs: money. Cash-strapped medicinal marijuana cultivators can go to IIP and sell their indoor greenhouse space to raise funds. Then, Innovative leases the real estate back to the seller, gaining a monthly rent check in the process. These “sale-leaseback” transactions have made the company into the cannabis industry’s real estate tycoon, and there’s no sign of that status slipping anytime soon.
IIP is a great stock for this summer for two reasons. First, it stands to gain from the growth of its industry, which may soon accelerate if cannabis is legalized in the U.S. But it doesn’t need to jockey for market share of marijuana products to remain profitable. If…
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With warm weather upon us and people in the U.S. eager to make up for lost time from last year, it’d be a shock if marijuana sales did anything other than surge. Canny cannabis investors are, understandably, keen to cash in before the moment passes.
It’s not enough to just buy shares of the fastest-growing cannabis cultivators, though. Quick growth and profitably are challenging to say the least, and most marijuana companies struggle to achieve either. Let’s examine three cannabis stocks that are positioned to run hot this month — and for the foreseeable future, too.
Image source: Getty Images.
1. Innovative Industrial Properties
Innovative Industrial Properties (NYSE:IIPR) is an evergreen cannabis stock because it has something that every other marijuana company needs: money. Cash-strapped medicinal marijuana cultivators can go to IIP and sell their indoor greenhouse space to raise funds. Then, Innovative leases the real estate back to the seller, gaining a monthly rent check in the process. These “sale-leaseback” transactions have made the company into the cannabis industry’s real estate tycoon, and there’s no sign of that status slipping anytime soon.
IIP is a great stock for this summer for two reasons. First, it stands to gain from the growth of its industry, which may soon accelerate if cannabis is legalized in the U.S. But it doesn’t need to jockey for market share of marijuana products to remain profitable. If…
