Innovative Industrial Properties (IIPR) stock: Winston Score, insiders and Congress trades

Innovative Industrial Properties is a real estate company that buys buildings and leases them to licensed medical cannabis growers across the United States. It owns warehouses and greenhouse-style facilities that cannabis companies use to grow and process their products. It is one of the only real estate investment trusts (REITs) in the country focused entirely on the regulated cannabis industry. The company makes money by collecting rent from its cannabis tenants under long-term leases, typically lasting 15 to 20 years with built-in rent increases each year. It operates in roughly 20 states and owns around 100 properties, giving it a large footprint in a niche market with few direct competitors. The biggest risk the company faces is its heavy dependence on the financial health of its cannabis tenants — several have struggled to pay rent in recent years — and any changes to federal cannabis laws could significantly reshape how the business operates.

Editorial rules set and reviewed by Felix Prehn, Economist and Editor. Figures are refreshed daily from Financial Modeling Prep and company filings; last refreshed 2026-10-08.