Find Out If These Are The Best Cannabis Stocks For You
Cannabis stock investors are preparing for the new year. In 2023 investors were getting more comfortable with how volatility has affected the sector. Now from 2020-2022 the way volatility hit marijuana stocks created a lot more uncertainty when trading. It seems that the way to give people more confidence to invest is to change several things. For starters, the main issue is not having better laws and regulations.
Some investors feel that with no federal reform in place, an industry shutdown may occur. Yet with how profitable the cannabis industry has become it is doubtful that any type of shutdown will happen. Nevertheless, there needs to be means that give people what they are looking for. As well some companies have yet to show any products or services after announcing partnerships.
Investors have been using volatility to their advantage by looking for top marijuana stocks to buy. Mainly becuase when there is volatile trading oftentimes it ends up bringing the trading price down. When prices of stock begin to drop that is when most would see it as a buying opportunity. Just make sure you do your research and create a plan that hopefully gives you better odds at taking profits. The companies below are several marijuana stocks to watch in today’s stock market.
Marijuana Stocks To Watch Today
- 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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