April was an interesting month for the cannabis industry. Although the majority of this year has been quite bad for marijuana stocks, this month has proven to show that there may be some bullish sentiment after all. Of course, we can only think in the long term right now. Because of the coronavirus, finding a marijuana stock to watch can be extremely difficult in the present day. But, April has proven itself to be a month of change for pot stocks. As we fast approach May, there are some definite marijuana stocks to watch that should be on your radar.
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These companies are working hard to stockpile cash to help prevent major losses through this tumultuous time. In addition, their business models are aimed at providing the most profits in the long term. Because the cannabis industry is so new, we have yet to experience the true potential of the market. We still have several years to go before the leading pot stocks begin to show just how large they can get. In the meantime, however, the coronavirus has made short term predictions almost useless.
We don’t know what will happen next week or even tomorrow. Because of this uncertainty, it’s best to locate a marijuana stock with a bright long term future, rather than short term potential. Of course, it also depends on the individual investor’s trading method. But, the sentiment remains. Because of this, these two marijuana stocks continue to look extremely interesting.
One of the Most Popular Marijuana Stocks Right Now
Innovative Industrial Properties Inc. (IIPR Stock Report) is one of the most popular cannabis stocks amongst investors. There are several reasons why it continues to show up on lists of which pot stocks to watch. For one, the company has a huge amount of future potential. In the past twelve months, it has seen its revenue shoot up by around 900%. In its most recent report, it showed that its year on year revenue amount totaled growth upwards of 250%. The company owns a variety of properties spanning 55 locations across 15 states. 
But, this only represents a small portion of the market that IIPR could tap into. In addition to this, the company has one of the best dividends in the cannabis industry. As a REIT, it is required to pay out as much as 90% of its income in the form of dividends. This means that investors can look forward to much healthier returns. With all of this in mind, IIPR continues to illustrate just how attractive of a cannabis stock to watch it is.
A Leading MSO With Solid Short Term Gains
Curaleaf Holdings Inc. (CURLF Stock Report) is one of the more underground MSO marijuana stocks. The company has been working to finalize a deal with Grassroots; a smaller U.S. MSO. With this deal closing, the company states that it should see sales amounts north of $150 million. This is mostly due to its large presence in the Illinois market. The company has continued to work on expansion in the midst of this pandemic. Because of this, it has continued to receive notoriety for its forward-thinking potential. 
In its most recent fourth quarter, the company reported sales of around $82 million. This is low when compared to the estimation for the quarter. But, this low number is mostly due to the lengthy time that it is taking to close the deal with Grassroots. The company recently closed a deal to purchase three dispensaries located in Connecticut. With this, it should continue to build its expansion pattern into the next few years.
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