This Is the Top Marijuana Stock to Buy in January
Innovative Industrial Properties (NYSE: IIPR) is a rarity in the marijuana industry. At a time when many cannabis companies are struggling to make a profit, IIP is using a highly lucrative real estate strategy to deliver handsome gains to its investors.
IIP is structured as a real estate investment trust (REIT). It acquires facilities that can be used to produce medical marijuana and leases them to state-licensed growers. It's a relatively simple and repeatable business model -- one that IIP is successfully using to build a thriving empire of cash-generating properties.
Innovative Industrial Properties is the cannabis stock you're searching for. Image source: Getty Images.
Source Fool.com
