Marijuana Stocks To Buy In January?
Marijuana stock investors are preparing for 2023. With the cannabis sector still showing inconsistent trading patterns, it could be a good investment time. The reason is when there is volatile trading it can lead to a pullback. When there is a decline in trading it’s a chance to find the best marijuana stocks to buy at low entry points. This is the preparation most investors are taking with cannabis stocks. Come this new year there will be various catalysts that could lead to an increase in trading.
If people invest in marijuana stocks and hold till the next recovery it can be a good start to 2023. In 2023 we will the continued fight to enact federal reform which has been long awaited. When federal reform becomes law it will be a huge push forward for the cannabis industry as a whole. Yet cannabis is still federally illegal in the United States. Even though states can legalize cannabis and run their own markets. It’s not about if federal reform passes it’s about when it does.
With this in mind, there have been a lot of business ventures that are happening that will become active in 2023. The more successful cannabis companies have the better odds of seeing better momentum for marijuana stocks. If you feel investing in marijuana stocks is for you make sure you do your research beforehand. The cannabis stocks to watch below are several options to keep on your radar in 2023.
Top Marijuana Stocks To Watch 2023
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- AFC Gamma, Inc. (NASDAQ:AFCG)
- NewLake Capital Partners, Inc. (OTC:NLCP)
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 medical-use cannabis facilities. In recent news, the company declared 4th quarter 2022 dividends. The common stock dividends declared for the year ending December 31, 2022, of $7.10 per common share.
This represents an increase of $1.38, or 24%, over dividends declared for the year ended December 31, 2021. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 13, 2023, to stockholders of record at the close of business on December 30, 2022.
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.
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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