3 Ways to Profit From the Marijuana Boom Without Buying Pot Stocks
Mark Twain famously said, "During the gold rush, it's a good time to be in the pick and shovel business." He meant that the real, consistent money in such boom times was made by the ancillary businesses that supported the gold rush.
Back then, companies such as Levi's jeans and real estate speculators profited greatly from the gold rush. Today, in the boom of cannabis sales, Scotts Miracle-Gro (NYSE: SMG), Grow Generation (NASDAQ: GRWG), and Innovative Industrial Properties (NYSE: IIPR) are benefiting from the growth in marijuana sales, even though they don't touch the leaf.
All three stocks have something over the typical marijuana company -- positive net income and stability. They provide opportunities to invest in marijuana with less risk.
Source Fool.com
