Why Cannabis Stock IIPR Returned 19% in the First Half of 2020
Innovative Industrial Properties (NYSE: IIPR) stock returned 18.9% in the first half of 2020 (January through June), according to data from S&P Global Market Intelligence. The S&P 500 index had a negative 3.1% return over this period.
The company, often referred to as IIP, is a real estate investment trust (REIT) focused on the cannabis industry. It specializes in industrial properties used for growing and processing cannabis in U.S. states where medical marijuana is legal.
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Source Fool.com
