Back during the gold-rush days, those who supplied picks and shovels to gold miners usually profited more than the gold miners themselves.
cannabis market, the business could be in a position to deliver strong double-digit percentage sales growth year in and year out.
Still, though, Scotts should be able to count on modest but steady growth for its consumer lawn and garden products over the long term.
The company specializes in sale-leaseback deals where cannabis operators sell their properties to IIP, and then IIP leases them back to the operators under long-term agreements.
Over the last three years, its trailing-12-month revenue has skyrocketed more than 1,000%.
Cresco acquired Bluma Wellness a few weeks ago, a move that gives it a presence in the fast-growing medical cannabis market in Florida.