2 Marijuana Stocks You Can Buy and Hold for the Next Decade

·4 min read

Green Thumb Industries (OTC: GTBIF), a cannabis retailer and packaged goods seller, and NewLake Capital Partners (OTC: NLCP), a cannabis-focused real estate investment trust (REIT), are two of the most successful companies in cannabis. The decline of marijuana stocks this year hasn't left these two unscathed, with Green Thumb down more than 52% this year and NewLake down more than 42%, but that also makes them better buys for long-term investors. Cannabis stocks, in general, have a lot of upside because the industry is expected to have a compound annual growth rate of 20% between now and 2025, becoming a $30 billion industry by that time, according to a study by New Frontier Data.