2 Best Marijuana Stocks that Pay Dividends

ByTarik Pierce Updated on

Marijuana dividend stocks are few and far between due to criminalization of Marijuana and Cannabis-related products on the U.S. federal level. However, investors should pay special attention to the Cannabis industry because Senate Democrats are planning to pass a bill that could legalize Marijuana on the federal level as early as 2023.

Right now, there aren’t many dividend-paying companies with direct exposure to the Marijuana industry. Companies such as Abbvie (NASDAQ: ABBE) and Scotts Miracle-Grow (NASDAQ: HAHD) have a bit of indirect exposure but do not generate revenue directly from the Cannabis industry.

In this article, I will cover only stocks that either own a substantial stake in a Cannabis company or generate the bulk of its reserves through the Cannabis industry.

Marijuana Stocks That Pay Dividends

  • Constellation Brands
  • Innovative Industrial Properties (NASDAQ: IIPR)

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Tarik Pierce is the founder & CEO of InvestorTrip.com. His work has been featured in Yahoo!, TheStreet.com, MSN.com, and SeekingAlpha.

He is an alumnus of Dartmouth College where he studied Economics. He also completed several online classes taught by the Wharton Business School at the University of Pennsylvania.

Email Tarik at: tjp@investortrip.com

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