NewLake Capital Partners: Collect A Double-Digit Yield From This Cannabis Landlord

James Hires310 FollowersFollow5ShareSavePlay(14min)CommentsSummaryNewLake Capital Partners (NLCP) offers a nearly 12% yield and stands out as a stable cannabis REIT.NLCP boasts a 91% occupancy rate, 52% net profit margin, minimal debt, and a steadily rising dividend since its 2021 IPO.NLCP's dividend safety and consistency outshine peers and it has a history of dividend increases.Federal cannabis legalization remains the key catalyst and risk; NLCP provides a lower-risk, high-yield way to gain cannabis sector exposure. 24K-Production/iStock via Getty Images I remember 2018 fondly, it was the year I began my career as an equities analyst. It was also the year that marijuana stocks were making moonshot gains every other week. Canada legalized marijuana forThis article was written byJames Hires310 FollowersFollowI’m just one man with a Robinhood account, a laptop, and seven years’ experience as a financial analyst, journalist, and writer, looking to demystify the stock market for the everyday investor. I’m also a contributing analyst over at The Motley Fool and you can check out more of my analysis there if you’re so inclined. I like a good value and favor a conservative steady-growth portfolio strategy. My interests are primarily the energy, tech, and industrial sectors but I will write about anything that strikes my fancy. Follow me on X for updates and my other writing projects.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.