As we inch closer toward winter, some marijuana stocks have begun to make a bigger name for themselves than others. These companies are working to build out the most innovation that they can for the future of the industry. With so much potential ahead of them, it can be difficult at times to decide which pot stocks are worth watching. This, however, becomes much easier with a heightened amount of research.
The amount of information that one can gather, seems to be the defining factor between choosing the right pot stocks and guessing which ones to watch. The potential with pot stocks continues to look sky-high for the future. Only a few select businesses have been able to capture the attention of the greater public. These companies are not limited to any one sector of the pot stock market, but rather their scope seems to be much broader. With the utmost information at hand, picking a pot stock to watch can become much easier.
This Pot Stock Moves Out West
Integrated Cannabis Company Inc. (ICNAF Stock Report) (ICAN) is one of the leading companies working out of the pot stock market in the U.S. The company has its presence in as many as 275 stores throughout California which is no small feat. The goal of the company is to hit the 300 marks by the end of this year. With large plans in Nevada as well, the company has been working hard to move as westward as they can. The company currently shows that they are pulling in around $9 million but they have projected $25 million for the 2021 year. While this may seem like a stretch, the company definitely has the means to work toward that goal.
The main game plan for Integrated Cannabis has been to push as many products as they can into the Californian market. Because of the industry, there is so large, the company has been able to greatly increase its scope. The company has also stated that it have seen a great deal of interest from businesses in Michigan, Massachusetts, Colorado, and Arizona. If they are able to successfully tap into these statewide markets, there’s no telling how far they could go into the near future. For now, they definitely remain a key pot stock to watch.
The Big REIT
Innovative Industrial Properties (IIPR Stock Report) is one of the leading alternative pot stocks in the industry. The company operates as a REIT which means that they purchase and then lease out facilities to those who wish to grow cannabis. Because they don’t touch the physical plant, they have been able to avoid a large amount of the volatility that has swept through the industry in recent months.
This is not to say that they are not volatile, but they definitely are less so than other big pot stocks. The company has also been able to expand into as many as 13 states which have helped to greatly increase their return potential. With the hopes of high returns in the near future, they remain a key pot stock to watch moving forward.
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