It can be hard to find great marijuana dividend stocks.
Medical marijuana was first legalized less than 20 years ago in California, so most cannabis companies haven’t been established long enough to make a profit, let alone pay a portion of their profits to shareholders in the form of dividends.
However, investors looking for marijuana stocks with dividends have another option…
Investing in marijuana “pick-and-shovel” plays that offer hefty dividends.
Pick-and-shovel plays allow you to benefit from an industry’s success without taking on the risk that comes with startups.
It’s like investing in Levi Strauss & Co. during the California Gold Rush of the 1840s and 50s. Levi’s didn’t mine gold, but it supplied the garments for the thousands of men who did.