Real estate investment trusts (REITs) offer investors unique exposure to the budding cannabis industry. Rather than investing in a singular stock that cultivates or distributes marijuana-related products directly, REITs invest in the real estate used by cannabis companies, earning reliable revenues through rent or interest on the real estate-related loan.
While there are several cannabis REITs to invest in today, two of the most prominent are Innovative Industrial Properties (NYSE: IIPR) and AFC Gamma (NASDAQ: AFCG) . Let's take a closer look at each company to see how they compare to determine which is the better buy today.
Innovative Industrial Properties (IIP) was the first cannabis REIT to hit the market, going public in late 2016. Being the first major provider to serve this largely underserved market helped IIP achieve incredible year-over-year growth and rapid expansion.
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Better Buy: Innovative Industrial Properties or AFC Gamma?