Value is something that is difficult to find without the proper cannabis industry research. But, it is the 21st century and the internet is our best friend. As smart pot stock investors, we can use the power of the internet to find all of the financial data we can on a given marijuana stock to watch. This includes looking at financial statements and seeing what a company is generally doing to stay competitive. With these two factors in mind, it can be much easier to find a pot stock to watch.
Another aspect that we have to consider is how much value a marijuana stock has given its P/E ratio. This is an important indicator of whether or not a pot stock is trading at a proper price. This may sound complicated but it is simply a comparison of a company’s price to earnings. Again, this should be easy to find in any pot stock database. With this information, we can begin to make a list of which marijuana stocks are worth watching and which are not.An MSO Pot Stock to Watch With a High Sales Projection
Green Thumb Industries Inc. (OTC:GTBIF) is one of the most prominent MSO pot stocks in the U.S. cannabis industry. Analysts have stated that GTBIF stock could show as much as $1.5 billion in sales within the next 4 or so years. Given that the company is already producing sales of around $500 million, that number doesn’t seem to be too far off. Currently, GTBIF stock has benefitted from the company having as many as 48 dispensaries in operation. These dispensaries span a large number of states around the country. As a leading MSO pot stock, GTBIF stock has been able to capture attention from many cannabis stock investors.
Interestingly enough, the company has access to as many as 96 dispensary licenses which means that it has potential to expand in a big way. Although it does sell a large amount of dried cannabis flower, Green Thumb has been working to sell more and more derivative products. These products have much higher margins than traditional marijuana flower, which is a definite boost to the company’s revenue. With this in mind, GTBIF stock remains a leading pot stock to watch.Another Leader in the U.S. Cannabis Industry
Innovative Industrial Properties Inc. (NYSE:IIPR) is a popular choice amongst marijuana stock investors. During the month of July, IIPR stock shot up by almost 20%. Year over year, IIPR stock has shot up by as much as 75% which is quite a staggering amount. One of the main reasons for the company’s big rise in the past few months is its business model and stability. While many marijuana stocks are quite volatile, IIPR stock has shown itself to be more stable than most. This is because it operates as a REIT which in itself, is an alternative to traditional pot stocks.
If all that wasn’t enough to convince you, IIPR stock also pays out around 4% in dividends to investors which is a very sizable amount. During the past few months, the company has continued expanding its footprint in the U.S. Last month, it completed the acquisition of a 120,000 square foot cannabis grow and processing location which was leased out shortly after. IIPR stock has also grown because the company only works off of long term contracts. This means that revenue can be expected for a certain period of time. With all this in mind, IIPR remains a leading pot stock to watch.