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By the way, the biggest worry concerning marijuana stocks is the conflict between federal and state laws regarding its continued legality, this is true regarding the legality of recreational marijuana at the federal level, but IIPR only rent their properties to medical marijuana suppliers, so there is a difference primarily due to the Rohrabacher–Farr amendment.
Essentially this prohibits the Justice Department from spending funds to interfere with the implementation of state medical cannabis laws.
I believe that this mitigates the risks and possibly eliminates them, but my knowledge of US law at federal vs state level is limited.
Cheers, PB.
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