
Investors who decided to buy shares of marijuana REIT Innovative Industrial Properties (NYSE:IIPR) five years ago, must now be very pleased with their returns.
IIIP is the first and only publicly traded cannabis-focused real estate investment trust. The company manages a portfolio of real estate properties that it leases to cannabis companies in the U.S. Among its lessees are Trulieve (OTCQX:TCNNF), 4Front Ventures (OTCQX:FFNTF), Parallel, Ascend Wellness (OTCQX:AAWH), Cresco Labs (OTCQX:CRLBF), Green Thumb Industries (OTCQX:GTBIF), TILT Holdings (OTC:TLLTF), Columbia Care (OTC:CCHWF), PharmaCann, Vireo Health, and many more.