But for those who want exposure to the space, the best stock to consider buying now is Innovative Industrial Properties (NYSE:IIPR), a cannabis-focused real estate investment trust (REIT). Also See: IIPR Insider Buying Demand for cannabis extraction should increase as companies market beverages, foods, and other products infused with CBD or THC. Buy Cheaper Than Insiders Did, Top Ranked Dividend How has Innovative Industrial Properties's share price performed over time and what events caused price changes?
My view is that both of these marijuana stocks have a lot of room to run over the long term as the U.S. cannabis market expands. View real-time stock prices and stock quotes for a full financial overview. The crisis is going to leave many states hurting financially, and the tax revenue they could generate from legalizing marijuana is going to be looking mighty attractive. Wall Street expects IIP to grow earnings nearly 88% this year and more than 44% next year. However, the company has cut costs and thinks that it will achieve positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second half of fiscal year 2020, which ends on Aug. 31, 2020. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. APHA makes, supplies, and sells cannabis for medical purposes. IIPR is ranked 8th of more than 20 REITs – Industrial stocks. Of course, the company has even more states where medical and/or recreational cannabis is legal to which it could expand in the future.

OTCPK:MJNE. That means the company could conduct more stock offerings as it did recently, resulting in the dilution in the value of existing shares. Back to IIPR Overview Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission. 10:01p. Innovative Industrial Properties stands as the leading cannabis-focused real estate investment trust (REIT). 68% of all stocks covered), 10 ETFs With Stocks That This included almost 235,000 shares bought by Larry Fink’s BlackRock ( BLK ) and almost 230,000 shares purchased by Steven Cohen’s Point72 Asset Management. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.
According to Pew Research, 2/3 of Americans now support its legalization, Department of Justice’s policy of prosecuting companies who work with cannabis companies, GRWG’s organic gardening and hydroponic stores will undoubtedly benefit, If Shares of Wynn Resorts Fall Under This Level, Expect a Breakdown, 4 Tech Stocks DEFYING the NASDAQ’s Weakness. But the space in general is volatile and risky, so keep this in mind when making investing decisions. REITs are required to pay out at least 90% of their taxable income each year as dividends to shareholders in return for their special tax treatment. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Louisiana State Employees Retirement System, Teachers Retirement System of The State of Kentucky, Patriot Financial Group Insurance Agency LLC, International Assets Investment Management LLC. Cannabis stocks aren't for all investors as the group is volatile and risky.

Canada's "Cannabis 2.0" market also is a growth opportunity for KushCo.

On top of its strong growth prospects, IIP offers a juicy dividend.

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