Why Marijuana Stock Innovative Industrial (IIPR) Fell 16% in August
Shares of Innovative Industrial Properties (NYSE: IIPR) declined 15.6% in August, according to data from S&P Global Market Intelligence. The stock's return was also negative 15.6%, since no dividends were paid during the month.
The San Diego-based company is a real estate investment trust (REIT) focused on properties used for growing and processing cannabis in U.S. states where marijuana is legal for medical use.
For context, the S&P 500, including dividends, fell 1.6% last month.
Source Fool.com
