If You Invested $10,000 in Innovative Industrial Properties Stock in January, This Is How Much You'd Have Now
Innovative Industrial Properties (NYSE: IIPR) offers investors a way to profit from the marijuana industry's expansion while collecting hefty dividends along the way. For these reasons, IIP's stock has proven popular among sophisticated investors.
IIP has a simple business model. It acquires facilities that can be used to produce medical marijuana and leases them to state-licensed growers in the U.S. It's structured as a real estate investment trust (REIT), so it passes nearly all of its profits on to shareholders via a quickly growing dividend.
Innovative Industrial Properties is helping its investors cash in on the cannabis boom. Image source: Getty Images.
Source Fool.com
