Innovative Industrial Properties, Inc.: A Leading Player in the Medical Marijuana Market Maryland-based Innovative Industrial Properties, Inc. has been making waves in the real estate industry as it focuses on acquiring, owning and managing specialized properties tailored to cater to experienced, state-licensed operators for their regulated medical-use cannabis facilities. The company's unique business model has been garnering considerable attention from investors and stakeholders in the medical marijuana market. What sets Innovative Industrial Properties, Inc. apart is its decision to be taxed as a real estate investment trust (REIT) for the year ended December 31, 2017. This move positions the company as a potential leader in the cannabis market as it offers significant tax advantages to investors under the United States tax code, which mandates REITs to distribute at least 90% of their taxable income to shareholders. Underscoring its commitment to innovation, the company has already acquired numerous properties and established partnerships with several leading medical marijuana operators. Innovative Industrial Properties, Inc.'s unique approach is poised to reshape the medical marijuana industry by allowing operators to focus on their core business while providing them with state-of-the-art facilities to carry out their operations.
Innovative Industrial Properties's ticker is IIPR
The company's shares trade on the NYSE stock exchange
They are based in San Diego, California
There are 1-10 employees working at Innovative Industrial Properties
It is innovativeindustrialproperties.com
Innovative Industrial Properties is in the Financial sector
Innovative Industrial Properties is in the REIT - Office industry
The following five companies are Innovative Industrial Properties's industry peers: