3 Marijuana Stocks For Your Watchlist Today
The cannabis industry has seen massive growth over the last several years. This success has led to many investing and taking profits. Cannabis once viewed as a taboo substance has turned into one of the biggest consumer products both medically and recreationally. Even with no federal reform and the promise of rescheduling from the DEA operators continue to thrive. Most cannabis businesses have met many obstacles mainly with large state taxes.
However, this has not stopped the publicly traded side of the cannabis sector from being a way to see profits. Much of what is on the day-to-day for a publicly traded company can impact how it performs. Marijuana stocks are often seen as a highly volatile sector due to the ongoing legislation changes and lack of federal reform. Yet there are many interested in finding top marijuana stocks to buy based on how the future of legal cannabis is shaping up to be.
Investing in cannabis stocks was once a short-term game but has now turned into a mid to long-term play. This is becuase there is much to be done before things even out as regulated industries across the United States. So the speculation of what may occur in favor of legal cannabis is what investors are hoping for. Below are several marijuana stocks to watch for better trading in the rest of 2024.
Top Marijuana Stocks To Watch 2024
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- NewLake Capital Partners, Inc. (OTC:NLCP)
- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)
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 announced it will report results for its second quarter ended June 30, 2024. The company plans to make this info public after the market closes on Monday, August 5, 2024. The execs of IIPR will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, August 6, 2024, to discuss the company’s financial results and operations for the quarter.
[Read More] Top 5 US Marijuana Stocks to Add to Your Watchlist For August 2024
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.
As well as third-party purchases and funding for build-to-suit projects. The company is preparing to host a second-quarter 2024 earnings call on August 8th at 11:00 a.m.
[Read More] 3 Marijuana Stocks To Watch As The Cannabis Industry Continues To Grow
Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. On July 18th the company announced it is preparing to report its Q2 2024 earnings.
In addition to hosting a conference call. The company plans to issue its earnings release before the market opens on Wednesday, August 7, 2024 and will host a conference call later that day at 9:00 a.m. Eastern Time.
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