3 Top Marijuana Stocks In 2023 You May Not Know About
Marijuana stocks are seeing better trading at the start of the new year. There is a good amount of positive speculation about what could take place in the cannabis sector. Nevertheless, shareholders are on watch for better days of trading so they are able to make money. The way marijuana stocks have performed as a whole over the last year or so has changed. The high level of volatility makes it tougher for some to take profits. The inconsistent up-and-down trading has its pros and cons.
The obvious being when the sector is down it’s a good window to find marijuana stocks to buy. Now when there is a recovery this is the time to take profits due to how short the rise in trading has been. This quick sniper style of trading has been the current system for those who are seeing gains from investing in marijuana stocks.
Still, the 2023 year has just begun and there is much to look forward to. This year we will new ventures take place and continued efforts to push the cannabis industry in the right direction. So if you are looking to invest in marijuana stocks make sure you do your homework. The companies below are several marijuana stocks to watch in 2023.
Top Marijuana Stocks 2023
- Acreage Holdings, Inc. (OTC:ACRHF)
- AFC Gamma, Inc. (NASDAQ:AFCG)
- NewLake Capital Partners, Inc. (OTC:NLCP)
Acreage Holdings, Inc.
Acreage Holdings, Inc. formerly High Street Capital Partners, is a principal investment firm specializing in the cannabis industry. 
On November 7th the company reported its 3rd 2022 financial results.
Third Quarter 2022 Financial Highlights
- Consolidated revenue was $61.4 million for Q3 2022, an increase of 28% year-over-year.
- Gross margin of 35% compared to 50% in the second quarter of 2022 (“Q2 2022”). Excluding non-cash inventory adjustments, the gross margin was 45% for Q3 2022.
- Adjusted EBITDA* was $8.8 million in Q3 2022, compared to $6.5 million in the third quarter of 2021 (“Q3 2021”). Adjusted EBITDA* as a percentage of consolidated revenue was 14% for Q3 2022.
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AFC Gamma, Inc.
AFC Gamma, Inc. originates, structures, underwrites and invests in senior secured loans. Plus other types of loans and debt securities for established companies operating in the cannabis industry. Particularly in states that have legalized medicinal and/or adult-use cannabis. On December 15th the company announced its fourth-quarter dividend. 
The Board of Directors of AFC Gamma declared a quarterly dividend of $0.56. This is for the quarter ending December 31, 2022, per outstanding share of common stock. Which is payable on January 13, 2023, to the common stockholders of record on December 31, 2022. The December quarterly dividend represents a 12% year-over-year dividend increase.
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NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases, and build-to-suit projects. The company back on December 16th declared the fourth quarter 2022 common stock dividends.
The dividend is equivalent to an annualized dividend of $1.56 per common share. This is the Company’s seventh consecutive quarterly dividend increase. Also, this represents a 5.4% quarter-over-quarter increase a 25.8% increase year-over-year. The dividend is payable on January 13, 2023, to stockholders of record at the close of business on December 30, 2022.
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