This "Safe" California Marijuana Stock Could Bring You a 31% Gain

Investing in marijuana stocks can be a high-risk, high-reward strategy. But we've found a way to profit from California's explosive marijuana industry without the speculative risk thanks to one California marijuana stock...

When I first mentioned this California marijuana stock to Money Morning readers on March 15, 2017, it was trading at $16.09 per share.

marijuana merger

It has surged 60.34%, to $25.80 per share, in less than a year.

In comparison, the Dow Jones Industrial Average climbed just 19.06% during that time.

Not bad.

But if you're just now finding out about this stock, that's okay.

In the next 12 months, brokerage Ladenburg Thalmann & Co. expects the price of this California marijuana stock to climb another 31.74%.

Top Three California Pot Stocks to Watch for the Biggest Gains - Learn How to Cash In Here

On top of giving you one of the safest California marijuana stocks, we're also going to share how to turn California's marijuana legalization into your own gold mine.

We'll be giving you details on how to access a special report from Money Morning Director of Technology & Venture Capital Research Michael A. Robinson about California pot stocks.

Michael's been a giant in tech investing for more than 30 years. As a leading analyst and tech journalist, he's been at the forefront of just about every major emerging technology story of the last decade.

He's even been nominated for a Pulitzer Prize.

And in the report, he'll share all the details about three pot stocks that could turn a small stake into millions.

Here's our marijuana stock play, plus everything you need to know about staking your claim in the future $20 billion California marijuana industry...

Why This California Marijuana Stock Could Net Double-Digit Gains in 2018

[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

One of the safest ways to play the marijuana industry is through Innovative Industrial Properties Inc. (NYSE: IIPR).

Innovative Industrial Properties is based in California and targets medical-use cannabis facilities for acquisitions. It also targets sale-leaseback transactions, where current tenants are licensed growers under long-term, triple-net leases.

"By selling the property and building to us, and then leasing it back from us, growers are able to redeploy the proceeds into their company's core operation and yield a higher return than they would otherwise get from owning their own real estate," Innovative Properties said on its website.

It intends to conduct business in an umbrella partnership real estate investment trust (UPREIT).

This means IIPR profits from the marijuana industry without ever buying or selling cannabis. And because its primary business is in real estate, it is protected from the uncertainty surrounding the growing marijuana industry.

That's because investors are still unsure how U.S. Attorney General Jeff Sessions will affect the marijuana industry.

IIPR currently owns properties in Maryland, New York, Minnesota, and Arizona, according to Forbes.

Again, Ladenburg Thalmann & Co. expects the Innovative Industrial Properties stock price to climb 31.74% to $34 in the next 12 months.

And that doesn't even include the profit from IIPR's $1.00 dividend, which is a yield of 3.88%.

Of course, no one is going to turn down 30%-plus returns in the next 12 months.

But for investors who understand the risks involved with marijuana penny stocks and want to potentially make even bigger returns, we had to make sure you could access Robinson's report.

California is bracing for a tsunami-sized wave of wealth - and if you play your cards right, you could make more money from the marijuana markets than you've ever seen in your life.

You see, thanks to The Golden State's complete cannabis legalization, $20.2 BILLION is expected to flood this industry, delivering massive upward momentum to tiny cannabis startups currently trading for pennies apiece.

But as soon as the money starts flowing into these small companies, and their share prices go from $1, to $5, to $20, or more... you may never see a chance like this again.

Your first step on the road to marijuana millions starts right here.  

Follow Money Morning on Twitter, Facebook, and LinkedIn.