Let’s cut to the chase — technically speaking, real estate operator Innovative Industrial Properties (IIPR) — which specializes in leasing out properties to state-licensed cannabis operators — wasn’t found on Barchart’s unusual stock options volume screener last Friday. So, why bother talking about IIPR stock?
For one thing, it deserves special consideration. For the business week ending Dec. 20, IIPR stock lost more than 29% of equity value. Last week, Innovative shares tumbled just over 5%. For the year, that brings investors down to a loss of nearly 33%. It’s utterly painful because prior to the 2024 election results, circumstances looked very auspicious for the cannabis industry.
