Is Innovative Industrial Properties Stock a Buy?

Innovative Industrial Properties (NYSE: IIPR), a real estate investment trust (REIT), has been doing exceptionally well for the past few years thanks to its unique business model that associates it with the cannabis industry. The company provides real estate capital to cannabis companies in the U.S. and in return earns rental revenue. The boom in the marijuana industry is taking the company to great heights.

Innovative offers investors an indirect entry into the cannabis sector while being protected from all its ups and downs. Besides offering a safe entry to the sector, it offers some additional perks of investing in it, too. Let's take a look at why this company is a solid buy right now.

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Source Fool.com