The Best 3 Marijuana Stocks To Buy In The Market Today
With 2024 underway marijuana stocks are starting to show better trading action. Even with volatility still showing there have been more signs of life for the sector. What this means is some pot stocks are showing up and down trading consistency. Which did not occur often back in 2023 it was either a downtrend or a short recovery in trading. Nevertheless, there is much speculation on what will take place this year.
There are several important situations that could help cannabis stocks have a strong trading year. Now some may think with the profits being made from legal cannabis that solid financials will spark a bounce. Now at one point in time, it did not anymore, or at least not as much as once before. Today people search for news that will impact the sector in a way that they will either buy sell or hold their positions. For example with the level of volatile pullback finding marijuana stocks to buy becomes more affordable.
Another factor is when there is political news regarding legislation in a positive light it normally leads to seeing a rise in trading. Also when you see a slight bounce but not high enough to take profits this puts investors in a position to hold until their stocks move higher. Also, investors should always do their research and create a trading strategy that works best for them. But make sure no matter the strategy you use it is one that can be adapted to changes in the market. Below are several marijuana stocks to watch in the stock market today.
Marijuana Stocks To Watch Today 2024
- 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 cannabis facilities. In recent news, the company declared its Q4 2023 dividends. 
The board of directors has declared a fourth-quarter 2023 dividend of $1.82 per share of common stock. The common stock dividends declared for 2023 total $7.22 per common share. IIP has increased its common stock dividends declared each year since its inception in 2016.
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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. On December 15th the company announced its 2023 fourth quarter dividends. 
The Board of Directors of AFC Gamma declared a quarterly dividend of $0.48 for the quarter ending December 31, 2023, per outstanding share of common stock, payable on January 12, 2024, to the common stockholders of record on December 31, 2023. The December quarterly dividend is in line with the September quarterly dividend.
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NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. During the 2nd week of December, the company increased its Q4 2023 common stock dividend to $0.40 per share. 
As well the company provides share repurchase program updates. The dividend is equivalent to an annualized dividend of $1.60 per common share and is payable on January 12, 2024, to common stockholders of record at the close of business on December 29, 2023. The Company is also providing an update on its share repurchase program.
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