These two companies are gearing up to bring you big profits from Massachusetts…
When we held the First Annual NICI Retreat in Las Vegas, we knew Sin City was going to be tough to beat.
For our next retreat, many of our members said they wanted it held in Colorado, Illinois, Florida, or Nevada.
But there’s another place many of you are pushing for – Massachusetts.
After the latest cannabis sales data, those folks may be on to something.
From November 20, 2018 to November 20, 2019, nearly $400 million worth of cannabis was sold in Massachusetts. Now, I know that number doesn’t mean anything if there isn’t any context about why that’s so impressive.
Let me give you that context.
As of the end of November, there were only 36 recreational dispensaries open in the state.
Also, there is not a single recreational dispensary open in Boston.
With that in mind, Colorado generated $300 million with 306 retailers licensed in 2014 when legal recreational sales went live. Nevada’s recreational sales reached $434 million in its first year of adult-use legalization, but it also had 61 licensed retailers.
So, the $400 million in sales, when all things are considered, is impressive.
The Cannabis Landlord in Massachusetts
When we first launched the National Institute for Cannabis Investors, one of the first reports we sent our members was about Innovative Industrial Properties Inc. (NYSE: IIPR).
I thought this was a perfect introductory cannabis stock; it’s profitable, pays a dividend, and is traded on a major United States exchange.
You can also see my thoughts on IIPR’s latest earnings report right here as a quick refresher on why I like the company so much.
For today, I’m going to show you how Innovative is working with one of the best cannabis companies in the world and how it could lead to even more expansion in the booming Massachusetts market.
Traditional stocks are a great option for long-term investing – but if you’re ready for a chance to see up to 10X the return in 1/10th of the time, you should look at buying “Cannabis Lots.”
IIPR in MA
You can see from the map below that Innovative Industrial is starting to build a stronghold on the East Coast.
Three of those properties are in Massachusetts, and one of its tenants that I want to focus on today is Trulieve Cannabis Corp. (OTC: TCNNF).
Trulieve is perhaps the best example of a company that understands the licensing process from front to back.
CEO Kim Rivers has an extensive background navigating mergers and acquisitions, and she utilized her skillset quickly; she opened the first cannabis dispensary in 19 different municipalities in Florida.
Rivers took a look around at the potential legal roadblocks, then took initiative by fighting the original cap on dispensaries in Florida. In a genius move, she attacked the 2017 law that limited the number of licenses for each operator.
That number was set at 35.
Rivers argued that because she already had licenses before the law was established, those shouldn’t count towards the cap.
Trulieve expects to have 44 stores open in Florida by the end of this year, maintaining her company’s status as the largest dispensary network in Florida.
But Kim has ambitions beyond Florida, and her eye is on the Massachusetts market. Back in 2018, Trulieve bought Life Essence, which is a seed-to-sale cannabis firm.
If Trulieve is as aggressive in Massachusetts as it has been in Florida, Innovative Industrial could work with Trulieve on even more deals to lease building space. That not only expands Trulieve’s footprint in Massachusetts, but Innovative Industrial’s as well.
This is almost like owning two great companies for the price of one.
Remember that as a shareholder, you are a part-owner in IIPR. Each time Trulieve makes a rent payment, they aren’t just paying Innovative Industrial.
They are paying you.
Executive Director, National Institute for Cannabis Investors
P.S. Massachusetts legalized recreational marijuana last year – but there are 39 states that still haven’t caught up to the modern age. And when it comes to legality for investors, we know a lot of people have questions. That’s why we compiled a comprehensive guidebook that will help you navigate the new world of cannabis investing… and could help you create soaring profits along the way. Find out how to access your copy of the 2020 Pot Profits Roadmap right here.
3 responses to “Cannabis Landlord Collects Sky-High Payments in Massachusetts”
December 16 2019