These 3 Marijuana Stocks Could Be Better Invest Options
If marijuana stocks have a repeat year of trading how will shareholders make money? Well after years of volatile trading and in that time identifying what impacts the market makes it possible to profit. What was once known for short-term investing has turned into a mid to long-term hold for most cannabis stocks. Now what shareholders have now is the start of 2024 and this comes with some upside. 2024 is an election year and presidential candidates could help with more promise to help cannabis reform.
Just talks of this would be a big means to find the best marijuana stocks to buy. Historically news on reform has often resulted in most pot stocks seeing a bounce. Even if the recoveries are still for small moments hopefully they rise to the level where big profits are made. The anticipation of what could happen can also create more trading momentum. Legal cannabis is growing and generating revenue too high to ignore or stop.
So when companies produce new products and services it only adds more positive speculation. The future of cannabis is what people are seeing as the big picture as the industry is still relatively young. But with more progress comes more opportunities to invest and become involved in the cannabis industry. Like all investors should make sure you do your research and create a trading plan that is good for you. The companies below are some of the top marijuana stocks to watch in 2024.
Top Marijuana Stock Choices For You
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- NewLake Capital Partners, Inc. (OTC:NLCP)
- AFC Gamma, Inc. (NASDAQ: AGFY)
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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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.
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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