This medical marijuana landlord has a strong record and a lot of room to roam.
Innovative Industrial Properties ( IIPR -2.55% ) is a pot stock, but it doesn't sell any legal cannabis itself. Instead, this real estate investment trust (REIT) provides the medical marijuana industry with operating facilities and scarce capital.
The business model here revolves centers on buying production facilities and then leasing them to the growers, providing capital where traditional lenders won't typically venture. It's worked well. For example, $2,500 invested in IIPR on Nov. 1, 2019, would be worth about $8,500 now, and that's not too shabby. But it's also easy to argue there's much more to come. Here are three great reasons to buy IIPR.
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