IIPR - Innovative Industrial: DEA Approves The Rescheduling But Risks Emerge (Downgrade)

2024-05-14 18:18:14 ET

Summary

• Innovative Industrial Properties is a cannabis REIT that leases facilities to major cannabis operators in the US.
• Factors attracting investor interest include a high dividend yield, reasonable valuation, and bullish catalysts.
• Despite the rescheduling of cannabis to Schedule III, the stock price has barely moved, and the SAFER Banking Act poses a risk to IIPR's business model.

Dear readers,

Innovative Industrial Properties ( IIPR ) is a cannabis REIT which specializes in acquiring and leasing cultivation and retail facilities to major cannabis operators in the US....

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