For income investors, IIPR stock offers an attractive dividend. Growth investors should love IIPR’s profile. There’s a case for value investors, particularly of the GARP (growth at a reasonable price) persuasion. Even the technicals look reasonably solid at the moment, in a market where momentum has been a huge factor. IIP, particularly among cannabis names, looks as close as you can get. Innovative Industrial Properties is a REIT (real estate investment trust) that focuses on the medical-use cannabis industry in the U.S. What IIP does is build and acquire cannabis-related real estate assets: grow houses, processing facilities, and dispensaries. It then leases those assets to producers and retailers of medical cannabis across the country. Particularly in newer markets, cannabis producers and retailers don’t have capital access to build their own facilities. However, many federally-regulated banks still don’t want to lend to cannabis companies. IIPR fills the gap. It currently has 67 properties across 17 states.

Mmp News Author, Medical Marijuana Program Connection, 03/23/2021 17:48:00

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