Should You Invest in New Lake Capital Right Now?

The cannabis industry has seen explosive growth over the past decade. Limited access to funding through traditional lenders like banks has helped create a unique opportunity for marijuana-focused real estate investment trusts (REITs) using sale-leaseback agreements.

Until recently, Innovative Industrial Properties (IIP) was the only publicly traded REIT to specialize in leasing real estate to the cannabis industry. That was until the initial public offering of NewLake Capital (OTC: NLCP) in August 2021. Given the tremendous growth IIP achieved, is there a chance NewLake Capital could follow suit? Here's a closer look at whether you should invest in this budding cannabis REIT right now.

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Source Fool.com