Top Marijuana Stocks Cannabis Investors Are Keeping On Watch

Industry Overview - The cannabis industry is experiencing a shift from short-term investing to mid to long-term holds, with expectations for growth in 2024 due to potential cannabis reform discussions during the election year [1][2] - Legal cannabis is generating significant revenue, making it an attractive investment opportunity [1] Company Highlights - Innovative Industrial Properties, Inc.: This company focuses on acquiring and managing properties leased to licensed cannabis operators. It declared a Q4 2023 dividend of $1.82 per share, totaling $7.22 for the year, marking an annual increase since its inception in 2016 [3] - NewLake Capital Partners, Inc.: This real estate investment trust provides capital to cannabis operators through sale-leaseback transactions. It increased its Q4 2023 dividend to $0.40 per share, equivalent to an annualized dividend of $1.60, payable on January 12, 2024 [4][5] - AFC Gamma, Inc.: This company specializes in providing secured loans to cannabis businesses. It declared a quarterly dividend of $0.48 for Q4 2023, consistent with the previous quarter, payable on January 12, 2024 [6][8]