Innovative Industrial Properties (NYSE: IIPR) is a cannabis REIT (Real Estate Investment Trust) that provides real estate capital to companies involved with the medical cannabis industry in the United States. Providing access to capital has consistently been one of the biggest barriers to legal cannabis business in the United States.
Remedying this situation aids all those involved—property owners, cannabis businesses, and especially investors.
IIP’s status as a REIT means that it has the legal requirement to return at least 90% of its taxable income back to it’s shareholders in the form of dividends. This provides a rare opportunity for cannabis investors to profit immediately for their time and money.