Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™·2025-07-24 14:00Industry Overview - The U.S. cannabis industry is projected to reach nearly $45 billion by 2025, with a total economic impact exceeding $120 billion by year-end [1] - Recreational cannabis is legal in 24 states, and medical use is permitted in 40 states, indicating strong public support for legalization [1] - Major beverage companies entering the cannabis space signal wider mainstream acceptance [1] Ancillary Companies - Ancillary cannabis stocks are gaining momentum as they provide exposure to the cannabis industry without the risks associated with handling the plant directly [1][4] - These companies support the cannabis industry through real estate, financing, and infrastructure, offering reduced regulatory risk and consistent dividends [4][13] Key Players - Innovative Industrial Properties Inc. (IIPR): A real estate investment trust focusing on cannabis-related industrial properties, owning over 100 properties across 19 states, generating steady income from long-term leases [5][8] - NewLake Capital Partners Inc. (NLCP): A growing REIT with 34 properties, including cultivation facilities and dispensaries, maintaining high occupancy rates and consistent cash generation [9] - Chicago Atlantic Real Estate Finance Inc. (REFI): A commercial mortgage REIT specializing in lending to legal cannabis businesses, generating nearly $62 million in interest and dividend income in Q1 2025 [10][12] Financial Performance - IIPR has maintained stable performance with predictable revenue from triple-net leases and has paid dividends each quarter since 2017, with a current share price around $55 [8] - NLCP declared a dividend of $0.43 per share in Q2 2025, representing an annualized dividend of $1.72, with management optimistic about growth [9] - REFI reported strong results with a healthy profit margin and low delinquency rates, focusing on conservative lending practices [12]