Cannabis may be a controversial trade idea.
But it could also be one of the most rewarding, especially as we near the election.
Remember, cannabis is gaining support from both candidates. Kamala Harris, for example, said she would fight for full cannabis legalization. Donald Trump said he supports the Federal Marijuana Rescheduling and Cannabis Banking Bill.
Plus, we have to consider that 88% of U.S. adults say it should be legalized for medical or recreational use, as noted by Pew Research.
“Nearly six-in-ten Americans (57%) say that marijuana should be legal for medical and recreational purposes, while roughly a third (32%) say that marijuana should be legal for medical use only. Just 11% of Americans say that the drug should not be legal at all,” added Pew Research.
With all of that being said, investors may want to consider cannabis stocks – especially those that have dividend payouts. In fact, here are three.
Company: AFC Gamma (SYM: AFCG) With a yield of 12.72%, AFC Gamma is a commercial mortgage real estate investment trust that provides financing to the cannabis industry through loans. It’s not a landlord, but it does offer financing to help cannabis companies. The company also declared a 33-cent dividend that was payable on October 15 to shareholders of record as of September 30. Recent earnings haven’t been too shabby either. In its most recent quarter, the company’s EPS of 80 cents beat by 27 cents. Revenue of $18.38 million, up 14.19% year over year, beat by $2.12 million. It’s also now a pure-play cannabis lender after spinning off its commercial real estate business in early July 2024. |
Mode Mobile
32,481% Growth? Meet Mode Mobile’s “EarnPhone” 📊
For three years, Mode Mobile has been rewriting the rules of the tech world with stunning 32,481% growth . Their “EarnPhone” has already enabled consumers to earn and save over $325 million. With $60M+ in revenue and 45M+ users, Mode is opening its funding round at just $0.25 per share. Don’t wait until the rest of the market catches on!
💸 Reserve Your Shares: $0.25/Share – Act Quickly!
Company: Innovative Industrial Properties (SYM: IIPR) Another hot real estate investment trust (REIT) to own is Innovative Industrial Properties. The company focuses on acquisition, and management of state-licensed cannabis operators. It owns 108 properties across 19 states with 8.9 million rentable square feet. IIPR carries a current yield of 5.8%. So, not only can we collect that yield, we can make money from appreciation as the cannabis story heats up. |
Goldco
[Money Update] The Calm Before The Storm
Things seem oddly calm right now, wouldn’t you agree?
The bank failure crisis “seems” like its behind us. Inflation “seems” to be under control. And the stock market “seems” to be doing alright. But here’s what they’re NOT telling you…
Request your FREE GUIDE today and arm yourself with the facts.
⇒ Send My FREE Guide Today!
Company: New Lake Capital Partners (SYM: NLCP) We can also look at New Lake Capital Partners (SYM: NLCP), which yields 8.71%. The REIT, which provides real estate capital to licensed cannabis operators through sale-leaseback transactions and owns a portfolio of 31 properties comprising 14 cultivation facilities and 17 dispensaries. All of which should also benefit from multiple cannabis catalysts. |
Colonial Metals Group
Man Who Prophesied Trump’s 2016 Win Says THIS Is Coming Next (Retirees Stunned)
This math genius predicted all 50 states in the 2008 election…
Then begged the media not to write off Trump in 2016…
So when he recently admitted that the 2024 election is now a “toss-up”…
It sent a chill down my spine…because while most people are okay with waiting to see how things “shake out” in November…
I know you cannot afford to be a sitting duck.
Remember…
And her “open border” agenda let 20 million illegals flood in and drain your tax dollars…
So you must act now. Fortunately, thanks to this little-known IRS Loophole Trump left behind…
Yes, I want to “Kamala-Proof” my savings!