Cannabis investment strategy requires choosing between exposure and safety.

Cannabis investment strategy requires choosing between exposure and safety. NewLake Capital Partners, a cannabis REIT, delivers a compelling 12% dividend yield with defensive characteristics including low debt and resilient rent collections. The AdvisorShares Pure US Cannabis ETF offers broader diversification but carries concentrated risk in top cannabis stocks facing industry-wide oversupply and margin pressure. NLCP's ability to replace tenants provides downside protection that MSOS lacks, making it suitable for income-focused investors. MSOS remains exposed to sector volatility and bankruptcy risk despite potential tailwinds in cannabis legalization. Over three years, NLCP has outperformed MSOS significantly.