The cannabis industry might be struggling now, but that doesn't mean marijuana stocks aren't worth investing in. Like any other evolving sector, it is bound to experience highs and lows. The growth of the industry is evident from the fact that even companies that do not grow cannabis are reaping the benefits of the rapid expansion.
One such company is Innovative Industrial Properties (NYSE: IIPR). It is not a pure-play cannabis company. It is a real estate investment trust (REIT) that offers capital solutions to medical cannabis companies in the U.S. It has been doing tremendously well the last few years; its recent exceptional fourth-quarter results are proof of that. Another solid quarter made this pot stock soar 7%. Let's dig in deeper.
Source Fool.com