NewLake Capital Partners (NLCP) is a relatively young real estate investment trust (REIT) specializing in the cannabis industry. The company boasts a high-margin business model, a generous dividend yield, and significant growth opportunities. NLCP’s portfolio of triple-net leased properties is 100% occupied, and the company has access to a large and expanding market as more states legalize cannabis. The company’s strong profitability and efficiency, combined with a well-covered dividend, make it an attractive investment. While competition in the cannabis REIT space is growing, NLCP’s strong fundamentals and strategic expansion plans position it for success in the long run.