Marijuana Stocks To Watch If You Want To Invest In Cannabis Real Estate
Marijuana stock investors have seen some nice trading over the last several days. During this short week, there has been an increase in momentum. Now the reason for this upward push was becuase of news regarding cannabis reform. Over the last year or so the biggest catalyst has been progressive news on laws surrounding legal cannabis. Mainly federal reform although this area of reform has been the biggest hurdle.
Currently, cannabis is still federally illegal even with more than half of the United States going legal. In addition to the various places around the globe that have also legalized cannabis. With an increase in popularity leaves people wanting to know how they can get involved. Which brings more people to search for marijuana stocks to buy. The reason for this is investing in publicly traded cannabis companies is the easier way to do so.
You do not have to start a company you can simply own shares of existing companies to have ownership and make a profit. But just make sure you set your investments up the best way possible. This involves doing your research and creating a trading plan that works for you. Also, remember most cannabis stocks can either rise or drop without warning. So as a strategy tip make sure you have your eyes on the sector and be ready to take profits when you can. The companies mentioned in this article are some marijuana stocks to watch this month.
Top Marijuana Stocks To Watch Today
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- AFC Gamma, Inc. (NASDAQ:AFCG)
- Power REIT (NYSE:PW)
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. On August 2nd the company reported its Q2 2023 earnings. 
Q2 2023 Highlights
- Generated total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year’s quarter.
- Recorded net income attributable to common stockholders of approximately $40.9 million for the quarter, or $1.44 per diluted share.
- Recorded adjusted fund from operations (AFFO) of approximately $64.0 million, or $2.26 per diluted share, increases of 6% and 5% from the prior year’s quarter, respectively.
- Paid a quarterly dividend of $1.80 per common share on July 14, 2023, to stockholders of record as of June 30, 2023.
AFC Gamma, Inc.
AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medical and/or adult-use cannabis. 
In recent news, the company announced its financial results for the second quarter of 2023. The company reported generally accepted accounting principles (“GAAP”) net income of $12.1 million. As well as Distributable Earnings of $9.9 million or $0.49 per basic weighted average common share for the second quarter of 2023.
[Read More] 3 Marijuana Stocks To Buy In September?
Words From The Company
“At AFC Gamma, we continue to take a hands-on approach in managing our portfolio and are pleased that exposure to certain challenged credits has decreased through select principal prepayments and sales. Subsequent to the quarter end, we made a new cannabis investment into one of the well-capitalized operators that we believe will continue to consolidate valuable assets in the key markets and we maintain ample liquidity for attractive debt investments,” said the Company’s Chairman and Chief Executive Officer, Leonard M. Tannenbaum.
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Power REIT
Power REIT with a focus on the Triple Bottom Line and a commitment to Profit, Planet, and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy, and Transportation. 
It has been a long while since the company announced recent news. At the end of January, the company announced its 2022 dividend income tax treatment. The Federal income tax classification of the distribution per share on the Company’s 7.75% Series A Preferred Stock concerning the calendar year ended December 31, 2022.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
