Investment in Cannabis REITs -
Billions of dollars have been invested in cannabis Real Estate Investment Trusts (REIT) over the past few years and since late last summer, stocks have been climbing as more and more states legalize adult use medical and recreational cannabis. The first publicly traded cannabis REIT in the United States, Innovative Industrial Properties (NYSE: IIPR), had a stock value of $183.93 per share and a market capitalization of $4.16 billion as of the date of this article. This pivotal moment for the cannabis industry has given rise to a significant new investment opportunity for institutional and individual investors.
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