If You Invested $1,000 in Innovative Industrial Properties in January, This Is How Much You'd Have Now

Innovative Industrial Properties (NYSE: IIPR) is not only one of the rare consistently profitable marijuana stocks on the market, it's also among the precious few that rose in price over the course of 2020. And how: $1,000 worth of its shares bought at the beginning of the year would have doubled and then some to $2,421.

Innovative currently is the only real estate investment trust (REIT) that specializes in cannabis properties. This makes Innovative a go-to option for the many cash-strapped weed companies looking to raise capital through a classic real estate move: the sale-leaseback deal (in which a business sells property to an outside company, then leases it as a tenant).

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Source Fool.com