Should You Invest in Innovative Industrial Properties Right Now?

Nothing goes up or down in a straight line on Wall Street. When it looks like that's what's happening, it's time to step back and take a closer look.

One area where this general warning has proved notable is the marijuana sector, which was skyrocketing in late 2020 and early 2021, but has since been heading steadily lower. Innovative Industrial Properties (NYSE: IIPR), despite a sizable price decline and the current bear market, still looks like a great option in the space. Here's why.

There's an argument to be made for marijuana being something of a Wild West. First there's the legal uncertainty, and then there's the fact that there are a lot of small players vying for market share. The build-out has been huge and so has the industry's growth, with industry sales expanding from $18 billion in 2020 to $24 billion in 2021. That's 37% growth in a single year.

Source Fool.com