What the Election Results Mean for Cannabis REITs

With neither the Democratic nor the Republican party close to the 60-vote threshold in the Senate required to advance difficult legislation, federal reform regarding cannabis will likely be on hold for a while.

However, with two more states -- Maryland and Missouri -- adopting recreational marijuana sales in ballot referendums this past week, there are now 21 adult-use states. Both of these trends are good for cannabis real estate investment trusts (REITs) like AFC Gamma (NASDAQ: AFCG) and Industrial Properties (NYSE: IIPR).