The stock market is down, but these ancillary cannabis stocks are great targets

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There are still plenty of reasons to consider investing in cannabis stocks as the market slips

Many of today’s leading marijuana stocks are not really known for their returns but for their significant market volatility. This makes it difficult for investors to find some long-term stability. However, on the other hand, experts seem to be increasingly attracted to cannabis ancillary stocks. As many already know, these are companies that support the cannabis industry without working with the plant. Best of all, there are a variety of businesses in the industry that support cannabis and their stocks are quite promising.

One is Scotts Miracle-Gro, considered one of the world’s largest marketers when it comes to branded consumer lawn and garden supplies. Hawthorne Gardening is one of the subsidiaries used for the company’s entry into the cannabis space. This famous distributor focuses on cannabis fertilizers, lighting, and hydroponic equipment.

Then there is the famous and acclaimed real estate investment trust (REIT) Innovative Industrial Properties (IIP). This marijuana industry-focused firm specializes in the regulated cannabis sector in the US.

According to the latest updates, this REIT is holding 7.7 million square feet of rentable space and intends to build another 2.7 million square feet in the near future. IIP has not stopped buying properties, primarily in Pennsylvania and Massachusetts, projecting incredible growth in its leasing portfolio before the year is out.

And finally, there is AFC Gama, a company that has been recognized for having strong cash flow and well-managed operations. Since its founding two years ago, AFCG has focused on real estate collateral, as well as locations with solid supply/demand fundamentals and favorable legal conditions. Its primary center of expertise is in prime lending, construction lending, bridge financing, mortgage lending, and other non-conventional financial solutions.