5 Most Profitable Pot Stocks Now

In this piece, we will take a look at the five most profitable pot stocks now. If you want to learn more about all the latest in the cannabis and pot industry, then check out 12 Most Profitable Pot Stocks Now.

5. BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN)

Trailing Twelve Month Net Income: -$1.2 million

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) is a small Israeli company headquartered in Kiryat Motzkin, Israel. Not only does it provide a customer relationship management platform for medical cannabis companies, but BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) also sells a product that regulates CBD oil into female sexual organs. The firm is closing 2023 on a strong note after completing a $1.5 million registered direct offering of its shares.

4. InterCure Ltd. (NASDAQ:INCR)

Trailing Twelve Month Net Income: $9 million

InterCure Ltd. (NASDAQ:INCR) is another Israeli company. The firm engages in the production and sales of medical cannabis all over the world. For the first half of 2023, its revenue stood at $75 million, marking 14% annual growth and a new record.

During Q3 2023, just two out of the 910 hedge funds part of Insider Monkey’s database had bought a stake in InterCure Ltd. (NASDAQ:INCR). The firm’s biggest hedge fund shareholder is Ken Griffin’s Citadel Investment Group as it owns 52,541 shares that are worth $83,015.

3. WM Technology, Inc. (NASDAQ:MAPS)

Trailing Twelve Month Net Income: $27.9 million

WM Technology, Inc. (NASDAQ:MAPS) is an eCommerce company that allowes retailers and users to list and search for cannabis products. It’s been moving full steam ahead on the financial front as of late by having beaten analyst EPS estimates in all four of its latest quarters.

Insider Monkey dug through 910 hedge funds for their September quarter of 2023 shareholdings and discovered that nine were the firm’s investors. WM Technology, Inc. (NASDAQ:MAPS)’s largest stakeholder among these is Richard Mashaal’s Rima Senvest Management due to its $7.7 million stake.

2. AFC Gamma, Inc. (NASDAQ:AFCG)

Trailing Twelve Month Net Income: $33 million

AFC Gamma, Inc. (NASDAQ:AFCG) is an American company that provides debt based financing to firms operating in the cannabis industry. It’s one of the highest dividend paying stocks on our list, with a 48 cent dividend for a 16.92% yield.

As of September 2023 end, seven out of the 910 hedge funds part of Insider Monkey’s database had held a stake in AFC Gamma, Inc. (NASDAQ:AFCG). Dmitry Balyasny’s Balyasny Asset Management was the biggest investor courtesy of its $1.5 million investment.

1. Innovative Industrial Properties, Inc. (NYSE:IIPR)

Trailing Twelve Month Net Income: $158 million

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust that deals with the property requirements of the cannabis industry. It has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Buy on average.

16 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database were the firm’s shareholders. Innovative Industrial Properties, Inc. (NYSE:IIPR)’s largest hedge fund shareholder is Stuart J. Zimmer’s Zimmer Partners due to its $86.5 million stake.

Disclosure: None. You can also take a look at 30 Best Whiskeys Under $30 and 10 Best Sectors To Invest In Long-Term.

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