3 Marijuana Stocks For A Profitable Portfolio
There are a multitude of reasons to find top marijuana stocks to buy. Even though the sector is in a volatile state there is still an opportunity to be found. The cannabis industry as a whole is still developing and as more progress occurs so does the chance to invest. You want to learn as much as you can and create a plan that gives you the best odds of seeing profits.
Right now the focus is on the future of the sector mainly due to what’s next to come. Currently, there is an ongoing battle to enact federal reform whether it’s cannabis banking or the rescheduling of cannabis. This would be one of the most crucial laws to be passed for the entire industry. As well more states are starting to legalize cannabis with more than half of the United States already doing so. People want to feel safe with any investment even if they know there is a risk of taking a loss.
Some of the doubt that comes with marijuana stocks is the fear that federal regulators will shut down the industry. But with all the revenue and current politics going on it’s not likely this will occur. For now, it’s a waiting game until there is better trading consistency for the sector. With this above info, the companies below are several marijuana stocks to watch heading into the middle of the month.
Top Marijuana Stocks For Your Portfolio
- Innovative Industrial Properties, Inc. (NYSE:IIPR)
- AFC Gamma, Inc. (NASDAQ:AFCG)
- Power REIT (NYSE:PW)
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 reported its Q2 2023 earnings.
Highlights And Key Mentions
- Generated total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year’s quarter.
- Recorded net income attributable to common stockholders of approximately $40.9 million for the quarter, or $1.44 per diluted share.
- Recorded adjusted fund from operations (AFFO) of approximately $64.0 million, or $2.26 per diluted share, increases of 6% and 5% from the prior year’s quarter, respectively.
- Paid a quarterly dividend of $1.80 per common share on July 14, 2023, to stockholders of record as of June 30, 2023.
[Read More] 3 Marijuana Stocks To Buy This Week That May See Better Momentum
AFC Gamma, Inc.
AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities. 
Particularly for established companies operating in the cannabis industry in states that have legalized medical and/or adult-use cannabis. On August 8th the company reported its Q2 2023 financial report.
Second Quarter 2023 Key Points
- Second quarter GAAP net income of $12.1 million or $0.59 per basic weighted average common share and Distributable Earnings(1) of $9.9 million or $0.49 per basic weighted average common share
- Declared dividend of $0.48 per common share for second quarter 2023
[Read More] Unveiling the Top US Marijuana Stocks of Q2 2023 Amid Earnings Season
Words From The Company
“At AFC Gamma, we continue to take a hands-on approach in managing our portfolio and are pleased that exposure to certain challenged credits has decreased through select principal prepayments and sales. Subsequent to the quarter end, we made a new cannabis investment into one of the well-capitalized operators that we believe will continue to consolidate valuable assets in the key markets and we maintain ample liquidity for attractive debt investments,” said the Company’s Chairman and Chief Executive Officer, Leonard M. Tannenbaum.
Power REIT
Power REIT is a real estate investment trust (REIT) that owns real estate related to infrastructure assets. This includes properties for Controlled Environment Agriculture, Renewable Energy, and Transportation. Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture. 
At the end of January, the company announced its 2022 dividend income tax treatment. The Federal income tax classification of the distribution per share on the Company’s 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2022.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
