Top Marijuana Stock Picks For Traders Today
The cannabis industry continues to show why it is one of the fastest-growing sectors. As more people become comfortable with legal cannabis so is the idea of investing. For a long while people were scared to invest in cannabis. Currently, cannabis is still illegal however over half of the USA and several global regions have thriving marijuana businesses. From this people have been lowering their guard and taking more chances and ways to invest.
The shortest road to Rome when investing in most stocks and there are many publicly traded cannabis companies. When looking to invest there should be a game plan in place to increase your odds of taking profits. Now much of the cannabis sector is powered by speculation and volatility. What this means is that at any moment the trading pattern of a marijuana stock can go from up to down without warning. So when building a watch list try to do thorough due diligence on the companies of interest.
See if you can pick up on any patterns that play in your favor. A good example would be if you know at some point there will be a dip this is where the company could be a good marijuana stock to buy. Then when a volatile recovery occurs this is where you take your profits. Below are some marijuana stocks to watch that could be valuable stock picks this month.
Top Marijuana Stocks To Watch Today
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- AFC Gamma, Inc. (NASDAQ:AFCG)
- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)
Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. In recent news, the company released its 2024 Q2 earnings. 
Highlights And Key Mentions
- Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million
- Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $65.5 million and $58.8 million, respectively.
- Paid a quarterly dividend of $1.90 per common share on July 15, 2024 to stockholders of record as of June 28, 2024
AFC Gamma, Inc.
AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry.
On August 7th the company reported its second-quarter financial results for 2024.
[Read More] Top Marijuana Stocks For Investors To Keep On Their August Watchlist
Q2 2024 Highlights
- Second quarter 2024 GAAP net income of $16.4 million or $0.80 per basic weighted average common share.
- Distributable Earnings(1) of $11.4 million or $0.56 per basic weighted average common share.
- Paid dividend of $0.48 per common share for second quarter 2024.
[Read More] Top Performing Marijuana Stocks for August 2024
Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. 
In more recent news the company also reported its 2024 Q2 earnings.
Second Quarter 2024 Financial Results
- Net interest income of approximately $13.2 million, consistent with the first quarter ended March 31, 2024.
- Total expenses of approximately $4.3 million before provision for current expected credit losses, representing a sequential increase of 3.6%.
- Net Income of approximately $9.2 million, or $0.46 per weighted average diluted common share.
- The total reserve for current expected credit losses decreased sequentially by $0.3 million to $5.1 million.
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