This Marijuana REIT Is Unloved but Continues to Execute
Wall Street has a bad habit of going to extremes, and the hype surrounding marijuana is one recent example. There's a very real trend underpinning the story here, but 2019 showed that investors got overly excited -- which is why Innovative Industrial Properties' (NYSE: IIPR) stock price is down roughly 45% from its peak. Here's what's happening and why investors shouldn't get too caught up in the negative sentiment.
The story of marijuana over the past few years has been all about the increased ability of consumers to use the drug legally. That covers two broad categories: medical and recreational. The first one has largely been viewed as a stepping stone to the second.
Either way, Wall Street clearly saw a new business emerging from the shadows. Some industry watchers have suggested the industry could eventually surpass $160 billion.
Source Fool.com
