The cannabis space has been buzzing of late, which makes it ideal to consider exposure to the best cannabis stocks . Germany recently hopped aboard the cannabis legalization train, joining a growing list of countries that embraced both the use and sale of cannabis. Moreover, the U.
S. recently made headlines again with its plans to reclassify cannabis from a Schedule I to a Schedule III drug, pointing to a softer stance on its usage. Roughly 88% of Americans currently advocate for legalization, and potentially encouraging news is expected as we inch closer to Election Day.
Hopefully, these positive developments will likely remove the impediments weighing down the sector, providing fertile ground for savvy investors. That said, it’s imperative to tread carefully when dealing with cannabis stocks due to their erratic performances. Despite this, here are three of the best cannabis stocks to buy that stand out from their peers.
They currently boast robust operations while promising significant potential gains in the event of legalization. Innovative Industrial Properties (IIPR) Given the well-documented volatility in the cannabis space, picking a stock that’s an outright buy is tough. However, perhaps a stock that best fits the bill is the Innovative Industrial Properties (NYSE: IIPR ) ETF.
As the top REIT in its niche, IIPR offers sale-leaseback programs for cannabis companies eager to cultivate without substantial financial burdens. This strategic positioning enables them to.