Innovative Industrial PropertiesNYSE: IIPR

Cannabis and e-commerce are two very different industries, but each can present compelling opportunities. Innovative Industrial Properties is not your average marijuana stock, and that bears out in its financial figures.

Here is how Innovative Industrial Properties (IIPR) and Ameriprise Financial Services (AMP) have performed compared to their sector so far this year.

IIPR remains a compelling Buy for growth/ dividend oriented investors, thanks to its inherent undervaluation and rich forward yields. The upcoming cannabis federal reclassification will also trigger new growth opportunities for MSOs and REITs alike, further aided by the SAFER Banking Act. This is especially since IIPR calls the three largest US Multi-State Operators by Market Cap as its core tenants, namely Curaleaf, Trulieve, and Green Thumb.

I was a landlord once and it didn't turn out how I expected. I think it mattered that I didn't set out to be a landlord.

The latest trading day saw Innovative Industrial Properties (IIPR) settling at $106.62, representing a +0.33% change from its previous close.

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2024 dividend of $1.90 per share of common stock, representing a 4.4% increase over IIP's first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per.

High-yield dividend stocks exemplify stability and growth potential for astute investors in today's investing environment. These firms show strong financial performance and strategic insight in addition to providing appealing dividend yields.

Innovative Industrial's (IIPR) Florida property buyout and tie-up with a subsidiary of AYR Wellness are to help this REIT bank on solid opportunities in the company's markets.

As we approach Q2 of 2024 marijuana stock investors are keeping a strong focus on the future. With the level of legal and regulatory uncertainty, the cannabis industry has continued to grow. There have been many ups and downs and hurdles to get past in order to get where the sector is today. At this time there are not many states left in the USA that have not legalized cannabis in some way. The politics and business of cannabis are becoming more embraced and seen as a legitimate industry.