Why Marijuana Stock Innovative Industrial Properties Popped 18% in January
Shares of Innovative Industrial Properties (NYSE: IIPR), a cannabis sector-focused real estate investment trust (REIT), jumped 18% last month, according to data from S&P Global Market Intelligence. That's a great start to 2020 for a stock that returned 72.5% last year.
For context, the S&P 500 index was essentially flat in January, while shares of the three largest cannabis growers by market cap, Canopy Growth, Cronos Group, and Aurora Cannabis, rose 6.9%, declined 6.4%, and fell 12.5%, respectively.
Image source: Innovative Industrial Properties.
Source Fool.com
