In the past few weeks, we have seen the marijuana stock market begin to move toward some level of stability. This comes after a month or so of bearish trading in the industry. Much of this is due to a generally high level of volatility in the pot stock market, but additionally, there is a large amount of uncertainty hovering over the industry. With so much going on, it can definitely be difficult at times to deduce where the most value is hiding.
This, however, becomes much easier with a heightened amount of research into which pot stocks hold the most value. Often times, people tend to look at the pot stocks at the top of the industry, forgetting the smaller guys. Both large and small-cap pot stocks have value, but they do so very differently. However you invest in pot stocks, the most important factor to consider is if one has done the proper amount of research into the company. With information at hand, it becomes much easier to make a guided decision.
A Big Pharmaceutical Pot Stock
GW Pharmaceuticals (GWPH Stock Report) is one of the largest ancillary pot stocks in the industry. The company has made its name off of producing highly desired drugs utilizing cannabis compounds. With around $91 million in projected sales for the next quarter, the company looks like they are definitely headed in the right direction. The biggest thing going for GW Pharmaceuticals is the fact that they hold the drug known as Epidiolex. For those who don’t know, the substance was created to treat two rare forms of epilepsy.
For some time now, it has been hailed as the only drug that is able to treat certain individuals. Additionally, the substance is also one of only a few pharmaceuticals using cannabis, to be approved by the FDA in the U.S. For this reason, they have been able to treat more than 15,000 patients who so desperately need access to the drug. The company is also working on several other pharmaceuticals that will hopefully help to catapult them into the next few years in the industry. For now, they remain a key pot stock to watch.
Another Popular Alternative Pot Stock
Innovative Industrial Properties (IIPR Stock Report) is another one of the very popular ancillary pot stocks to watch. The company operates as a REIT which means that they purchase facilities that they then lease out to those who wish to grow cannabis. Because of this, they have been able to maintain quite a high and steady level of returns for their investors.
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Additionally, the company also pays out a dividend which is not something that many pot stocks can say they do. For those who are looking for a potentially less volatile pot stock to watch, this may just be the one. The company has also been able to show consistent returns in the face of adversity over the past month or so. With 42 properties all currently leased out, it seems as though they are leading the pack as far as alternative pot stocks go.
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