Last December, fellow Dividend Kings founder Dividend Sensei wrote an article on Innovative Industrial Properties (IIPR). In it, he explained that it’s likely to be the fastest-growing real estate investment trust (REIT) of 2020.
Sure enough, IIPR has returned 100.4% so far in 2020:
(Source: FAST Graphs)
Think about it folks…
IIPR has returned more than 100% in the midst of a global pandemic, and we’re still buying! I know that sounds crazy, but the growth opportunities in legal cannabis – what its tenants operate in – is enormous.
In 2017 alone, U.S. sales were $8.6 billion, with $5.9 billion being of the medical variety. And ArcView Market Research estimates that, by 2022, it will be a $22 billion industry.
Many investors today focus on cannabis growers themselves. But that isn’t likely the best way to profit from this hyper-growth industry. The “weed” in question is a commodity product with