Profits remain one of the key guiding factors for growth in the marijuana stock market. With so many pot stocks to watch, the factors for growth seem to get lost amidst the slurry of information. This includes all of the talking heads that seem to direct markets in multiple directions.
Marijuana stocks have become increasingly popular over the past several years. This begs the question as to which companies are leading the pack at the current moment. Before we dive into the list, one of the things to keep in mind is that investors should always do the proper research before investing in a given company. With all the information necessary at hand, one can’t go wrong.
Which Pot Stocks are Showing Heightened Profitability
Innovative Industrial Properties (NYSE:IIPR)
This is one of the key companies that many have been watching. Innovative Industrial Properties (IIPR Stock Report) operates as a REIT. Essentially this means that they buy and lease out properties to those wishing to grow cannabis. One of the key things that investors have cited about the company is the dividends that they payout.
The company consistently has had these dividends increase, which has attracted more pot stock investors. With extremely consistent profitability, Innovative Industrial Properties remains a pot stock to watch.
This company is a larger producer and wholesaler of marijuana. MariMed (MRMD Stock Report) is a wholesaler of hemp and hemp seeds, which is a largely growing market. MariMed has also been working to fill its own portfolio with a series of new investments. This includes a 33.5% ownership in GenCanna earlier this year.
Investors should wait and watch MariMed as it may look like it could have a long way to go before consistent profitability is on the table. For now however, MRMD stock remains a marijuana stock to watch.
CV Sciences (CVSI)
This is a company that has shown itself to be quite consistent. CV Sciences (CVSI Stock Report) produces various CBD-derived products for sale in the market. CV Sciences has managed to bring in large profitability due to big deals made this year. With this, they have been able to expand their distribution network quite rapidly. Investors should continue to watch this pot stock moving into the next few months.
“We’re more profitable and certainly undervalued when compared with the THC focused cannabis stocks, all of whom say their growth potential is off the charts. We think ours is, too.”CV Sciences CEO Joseph Dowling