Will Its Recent IPO Propel This Cannabis REIT to New Heights?

If NewLake Capital Partners can follow the success of a competitor, there is a lot of money to be made.

he anticipation for U.S. federal legalization of marijuana has multi-state cannabis operators (MSOs) expanding footprints across the country. Demand for cannabis has grown over the past three years, with legal cannabis sales in the U.S. going from $12 billion in 2019 to a projected $24 billion in 2021.

But did you know there are multiple ways to make money in the cannabis market without touching a single plant, and without operating any dispensaries? Real estate investment trusts (REITs) including NewLake Capital Partners (OTC:NLCP) are looking to cash in on sale-leaseback agreements for cannabis real estate.