Why Marijuana Stock Innovative Industrial (IIPR) Fell 15% in July

Shares of Innovative Industrial Properties (NYSE: IIPR) declined 14.5% in July, according to data from S&P Global Market Intelligence. The stock's return was also negative 14.5%, since no dividends were paid during the month.

The San Diego-based company is a real estate investment trust (REIT) focused on facilities used for growing and processing cannabis in U.S. states where marijuana is legal for medical use. 

For context, the S&P 500 returned 1.4% last month.

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Source Fool.com