Innovative Industrial Properties is the perfect introductory cannabis stock; it's profitable, pays a dividend, and is traded on a major U.S. exchange.
And when I was reviewing the company's latest earnings report, it confirmed IIPR has lived up to my expectations since I first brought it to your attention. I'll go over those details in a bit here.
Now, I know a lot of you have questions about Innovative Industrial's business model as well as the recent sector downturn. As a landlord to cannabis businesses, I especially understand the concern that recreational legalization could affect how the firm operates.
After all, it would seem that any property owner could just rent or sell their buildings to cannabis companies.