3 Top Cannabis Stocks to Buy Right Now

If you’re looking for a hot market to invest in, the cannabis industry could be right up your alley. In particular, the U.S. cannabis market is booming.

There are lots of cannabis stocks that you could buy. But as with any industry, some pot stocks are better than others. Here are three top cannabis stocks you can buy right now that should be big winners over the long run.

Three cannabis leaves

Image source: Getty Images.

1. Innovative Industrial Properties

Innovative Industrial Properties (NYSE:IIPR) ranks as the leading real estate investment trust (REIT) focused on the medical cannabis industry. Its stock has doubled so far in 2020 and seems likely to keep the momentum going.

There’s no mystery as to why IIP has been so successful. The company buys properties from medical cannabis operators, then leases the properties back to the operators. This gives IIP a steady revenue stream. All it has to do to grow is to keep finding more sale-leaseback deals.

That hasn’t been a problem so far for IIP. In less than 11 months, the REIT has increased its number of properties to 64 from 46. It shouldn’t be too difficult for IIP to keep up its “rinse-and-repeat” business model, either. There are now 35 states that have voted…

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