
Those investors who added marijuana-focused Real Estate Investment Trust – Innovative Industrial Properties (NYSE:IIPR) to their portfolios some five years ago, must be really pleased with their return on the investment.
Launched in 2016, IIP is the first publicly-traded company on the New York Stock Exchange to provide real estate capital to the regulated cannabis industry. The company’s sale-leaseback program includes cultivation, processing and retail properties with carefully chosen tenants that are licensed operators under long-term, triple-net leases.