This Marijuana Stock Just Made History (No, It’s Not Canopy Growth)

Investors have been flocking into marijuana stocks, and the returns that cannabis companies have generated for their shareholders have been impressive. Yet many investors are still shying away from companies in the marijuana industry because of the legal and logistical challenges involved with the business. In addition, the fact that so many of the most popular stocks in the cannabis industry are based in Canada has made it more of a challenge for U.S. investors to feel comfortable investing in the sector.

One marijuana stock just took a major step toward mainstream acceptance. Innovative Industrial Properties (NYSE:IIPR) doesn’t grow cannabis, but it helps marijuana producers by helping them find the real estate and facilities that they need in order to comply with the many regulations governing U.S. cannabis growers. Moreover, the cannabis real estate investment trust (REIT) just got news that will make it a pioneer in the business — even putting it ahead of Canopy Growth (NYSE:CGC), Aurora Cannabis (NYSE:ACB), and the other high-profile marijuana stocks that made news with their earnings earlier this week. [Read more at The Motley Fool]