Is Innovative Industrial Properties the Best Pot Stock to Buy Right Now?

Cannabis stocks have largely been getting clobbered in 2020, because of both the coronavirus-driven market sell-off and growing pains within the young industry. However, there's still reason to believe there will be at least a couple of big longer term winners among the group.

The legalization movement seems poised to continue to make steady progress. The number of U.S. states giving the green light to marijuana for medical and recreational purposes should continue to increase. In fact, the COVID-19 pandemic could accelerate this process. The crisis is going to leave many states hurting financially, and the tax revenue they could generate from legalizing marijuana is going to be looking mighty attractive.

Eventually, it seems probable that the substance will be legalized on a federal level in the United States and in other countries, too.

Source Fool.com