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What could be better than buying some stock, kicking back, and getting "a little something extra" every quarter from management after a good run?
But with the notable exception of the "marijuana REIT," Innovative Industrial Properties Inc. (NYSE: IIPR), the cannabis industry is a little different.
In cannabis right now, a dividend could conceivably be a red flag.
When you own part of a cannabis company, you own a piece of an industry that's set to grow faster than any other industry has for generations.
But that claim doesn't come with a cash payout… yet.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.