Ian Cooper’s Stock Pick of the Week

Chart of Day: Innovative Industrial Properties (IIPR)

Cannabis may be one of the more controversial investing topics, but it could also be one of the most profitable this year. Not only are states legalizing its use, Vice President Kamala Harris just said, “We need to legalize marijuana,” as quoted by Marijuana Moment.

They added: For the first time since joining the ticket as President Joe Biden’s running mate in 2020, Vice President Kamala Harris has called for the legalization of marijuana—signaling a possible shift in the administration’s platform heading into the November elections. Harris told a room of cannabis pardon recipients at the White House on Friday that “we need to legalize marijuana,” a participant in the meeting has revealed.

That being said, investors may want to look at cannabis-related stocks – especially those that pay dividends.  Look at Innovative Industrial (IIPR), for example, which pays a dividend of about 7.5%. From its current price of $97.60, we’d like to see it closer to $110.

Ian Cooper is an experienced trader who uses a combination of technical, fundamental, and news analysis to help individual investors grow their wealth. Ian’s Premium Options Strategies

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.