Heading into the U.S. elections, we wanted to take a quick look at potential winners if Vice President Kamala Harris wins the election.
If you believe Vice President Kamala Harris will win the election, you may want to invest in all things green. That includes green energy and cannabis.
With cannabis, according to Marijuana Moment, “Kamala Harris called for the legalization of marijuana — signaling a possible shift in the administration’s platform heading into the November elections. Harris told a room of cannabis pardon recipients at the White House on Friday that ‘we need to legalize marijuana,’ a participant in the meeting has revealed.”
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If that’s the case, investors may want to jump into cannabis stocks such as: One of the best ways to profit from the potential is with a real estate investment trust (REIT), such as Innovative Industrial Properties. The company focuses on acquisition, and management of state-licensed cannabis operators. It owns 108 properties across 19 states with 8.9 million rentable square feet. IIPR carries a current yield of 6.44%. So, not only can we collect that yield, we can make money from appreciation as the cannabis story heats up. Green energy stocks could do well with Harris supportive of the Inflation Reduction Act. |
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