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 (IIPR) closed the most recent trading day at $89.37, moving -0.41% from the previous trading session.
These rock-solid income stocks, with yields ranging from 5% to 7%, can pad aged investors' pocketbooks while making them richer.