Why Marijuana’s Top Dividend Stock Has High Hopes for Future Growth

Canada LegalCanadaWhy Marijuana’s Top Dividend Stock Has High Hopes for Future Growth
7
Jun
2019

Marijuana stocks vaulted into the limelight in 2018, and their performance in 2019 has generally been extremely strong. As more states have embraced cannabis by legalizing it for medical or recreational purposes, the opportunities for cannabis producers to capitalize on strong and rising demand have grown.

Given the incentive to invest available capital toward future growth, most marijuana stocks don’t pay a dividend. Innovative Industrial Properties (NYSE:IIPR) is different, though, in that its business model essentially requires that it pay a healthy dividend to cannabis investors. By investing in real estate that’s best suited for cannabis-growing operations and the related needs of producers, Innovative Industrial has been able to join the small number of profitable marijuana-industry companies. Recently, the marijuana-focused real estate investment trust gave its latest presentation in which it made its case for why it’s so optimistic about its future.

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