3 Marijuana Stocks For Investors To Know About This Month

Industry Overview - The cannabis industry is currently experiencing a progressive phase with increasing support for reform and better regulations, leading to heightened investor interest [1] - Market volatility is significant in the cannabis sector, making it essential for investors to have a strategic plan and conduct thorough research [2] Key Companies Innovative Industrial Properties, Inc. (IIPR) - IIPR focuses on acquiring, owning, and managing specialized properties leased to state-licensed cannabis operators [4] - The company announced a second-quarter 2024 dividend of $1.90 per share, reflecting a 4.4% increase from the previous quarter's dividend of $1.82 per share, resulting in an annualized dividend of $7.60 per share [6][7] AFC Gamma, Inc. (AFCG) - AFC Gamma specializes in originating, structuring, underwriting, and investing in senior secured loans and commercial real estate loans for established cannabis companies [8] - The company confirmed the completion date for the spin-off of its commercial real estate portfolio into an independent publicly-traded REIT, Sunrise Realty Trust, Inc., with shareholders receiving one share of SUNS for every three shares of AFCG held as of July 8, 2024 [9] NewLake Capital Partners, Inc. (NLCP) - NLCP is an internally managed real estate investment trust that provides capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [10] - The company announced an increase in its Q2 2024 common stock dividend to $0.43 per share, equivalent to an annualized dividend of $1.72 per share, payable on July 15, 2024 [10]