Innovative Industrial Properties (IIPR) Surges 8% In 5 Days: Time To Invest?

If we take a look at the chart for the last 5 days, we can see that Innovative Industrial Properties (IIPR) stock was continuously increasing from $229.99 on September 20 to $247.48 on September 23. The rise of IIPR is accompanied by small volatility. After the peak, it declined to $243.26 and it is still fluctuating at that level. The market capitalization of Innovative Industrial Properties Incorporation is more than $5.86 Billion with the total volume of shares is about 163,912.

The company is operating in the small part of the industrial REIT market by obtaining and giving for the rent the facilities to the people who are cultivating the marijuana for the medicine. On the one hand, it is good, but on the other hand, it is very considered as very bad since marijuana is considered illegal on the federal level. However, on the state level, acceptance and legalization are increasing. Almost 40 states allow using it in the medicine goals.

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.