Innovative Industrial Properties (NYSE: IIPR) is the first publicly traded company on the New York Stock Exchange to provide capital to cannabis companies through leasebacks. Operating as a real estate investment trust (REIT), it provides capital to companies that usually can't get traditional financing because of federal laws regarding cannabis.
These supercharged income stocks, with yields ranging from 8% to 9.3%, are ripe for the picking by opportunistic investors.
Few industries can match the long-term growth catalysts of the cannabis industry. And these two companies are the most established landlords in the industry.