Are you looking for top marijuana stocks to buy in September? One area that has held its value better than the rest of the cannabis sector is ancillary cannabis stocks. Ancillary cannabis companies are those companies that support the cannabis industry without…
touching the actual plant. Since the beginning of the pandemic, many companies in this area have seen substantial growth in the cannabis market. For the most part institutional investors and retail investors have begun to look at ancillary cannabis stocks as better for long-term investing.
In some cases, these marijuana stocks even provide a dividend to shareholders. One example that has been delivering for investors is Innovative Industrial Properties, Inc. (NYSE: IIPR). For a long time, IIP has been one of the only cannabis REITs providing US cannabis companies with triple net leases and capital for processing facilities. In August IIPR stock continued to see upward momentum as the rest of the cannabis sector trended downward.
Now as more Cannabis REITs begin to enter the game if they trade anything like IIPR stock it could be good for your long-term portfolio. With limited options for funding, cannabis companies have depended on companies like IIP to fund cultivation facilities and processing centers across the US. At the present time, the cannabis industry is growing rapidly in the US and markets around the world.
Investing In The Cannabis Industry In 2021
On that note, at its current growth rate, US cannabis sales are expected to more than double during the next five years. This is partly due to an increase in demand and new states establishing legal cannabis. At the present time, as the cannabis sector waits for the US federal government to end prohibition many cannabis companies continue to show significant revenue growth and continue expanding into new markets. For investors finding the best marijuana stocks to invest in could produce returns for the future. As these new REITs continue to establish themselves in the industry, they could deliver gains for investors.
Before investing in top cannabis stocks there are important factors to consider. For one the cannabis sector is known for having significant market volatility. This is something long-term investors need to consider before investing. In addition, researching a company’s earnings and studying how the stock performs in the market can help you establish the most gains for your investments. In the first week of September let’s look at 2 top marijuana stocks for your list this month.
Top Marijuana Stocks To Watch In September
NewLake Capital Partners, Inc.
Making its debut in the market in August NewLake Capital Partners is a leading provider of real estate capital to state-licensed cannabis operators. Founded in 2019, it is a triple-net lease REIT that acquires industrial and retail properties through sale-leaseback transactions, third-party purchases, and build-to-suit projects. At the present time, its tenants are some of the leading operators in the U.S. state-licensed cannabis industry and it is a trusted partner for their real estate needs. In August the company closed its IPO offering of 3.91 million shares of common stock at a price of $26.00 per share.
Initially, the company will use the net proceeds to acquire the company’s target assets. At the present time…
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