The pot stock market has seen a large uptrend in the amount of multi-state operators working in the industry. These companies have made it their goal to produce as much product for retail as possible. In regard to the product, they have also been able to ship it around the U.S. to various states that have legal marijuana laws. The companies have also been able to open up businesses in various areas of the country which all operate under the various state guidelines.
A Pot Stock to Watch for the Growing Industry
1933 Industries (TGIF Stock Report) (TGIFF) is a multi-state operator that has been working to delve deeper into the U.S. cannabis market. The company has made selective moves in the Californian marijuana stock market. For those who don’t know, California is the largest marijuana market in the world. This is not only due to the number of people in the state, but the amount of product being pushed out.
1933 Industries recently stated that they have signed into a new agreement to provide corporate support to Green Spectrum Trading Inc., which is a company based out of California. This partnership has helped to move the former deeper into the Western U.S. market on cannabis.
The partnership should see 1933 Industries be able to push various CBD and Alternative Medicine Association-branded products throughout California. Within the partnership, 1933 Industries will be able to provide various management, operational, and accounting services to the latter for a period of two years.
Chris Rebentisch, CEO of the company stated that “manufacturing our branded line of concentrates and CBD-infused Canna Hemp portfolio of wellness products in the state enables us to reach markets across the most populous hubs and establishes us as a multi-state operator with a turnkey model that can be exported to other states.”
Another Cannabis Stock to Watch
Innovative Industrial Properties (IIPR Stock Report) is one of the leading cannabis companies working out of the U.S. market. The company does not produce any marijuana or marijuana products but rather operates as an REIT. This means that they have shown consistent profitability and returns for investors.
Additionally, they pay out a majority of their profits back to investors in the form of dividends. This is something a lot of investors could enjoy. The company currently has all of its facilities leased out around the U.S. All in all, Innovative Industrial Properties remains a key marijuana stock to watch.
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