Time to Profit Off the Legalization of Pot?

Notice how most of the pot companies are domiciled in Canada, just like the countless other scams that are thrusted upon us by our loyalist cousins to the north. The entire Canada is one giant wasteland of perfidious swindlers and mountebanks, wholly interested in fraudulent schemes. Nevertheless, with California legalizing pot for recreational purposes, I suppose we should start looking at investment opportunities.

The go-to play here is via the only pot ETF: MJX.

Also, STZ took a 10% stake in Canopy Growth and there’s a little property play for weed: IIPR.

Check it out.

Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company’s real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis.

Other pot plays include Scott’s Miracle Grow, SMG, GWPH and NEPT. But as this market develops and share prices rise, rest assured, we’ll see a lot more of them cropping up.

Fucking stoners. I belong in the 18th century.