One of the largest milestones in the historical past of the hashish trade was achieved final Friday. The U.S. House of Representatives voted overwhelmingly in help of a invoice that will decriminalize marijuana at the federal level. This laws would take away marijuana from the record of managed substances and permit particular person states to implement their very own legal guidelines associated to hashish.
Now that such a momentous second has arrived, many traders are little question on the hunt for excellent inventory picks. I believe that there’s one marijuana inventory to purchase after the historic House vote to decriminalize marijuana. That inventory is Innovative Industrial Properties (NYSE:IIPR).
Historic however hole
Before I clarify why I like IIP a lot, permit me to first present some context about the latest House vote. It is with out query a historic and vital step for supporters of marijuana legalization. It’s additionally virtually definitely a hole victory.
The subsequent step for the invoice handed by the House is to go to the Senate. Pretty a lot everybody on Capitol Hill expects the laws to be lifeless on arrival.
For one factor, Senate Majority Leader Mitch McConnell personally decides which payments come…