Innovative Industrial Properties Inc (IIPR)

[bar1080]

The whole MJ sector is in decline lately because of widely published stories like this:


"...disaster for Canadian marijuana producers because Canadian consumption is still under 10,000 kilograms a month. Thus, marijuana suppliers are producing roughly four times as much product as Canadians are actually buying. And there’s no sign of this inventory glut slowing down.

"The supply of cannabis oil has similarly skyrocketed. It’s up by 150% since legalization to 128,000 liters of inventory. Consumption, however, is up by roughly just 50%/month and remains under 10,000 liters per month. Thus, there are more than two years of dried cannabis inventory and one year of CBD oil inventory available at current supply and demand levels. And supply growth continues to outstrip demand increases, making the excess even worse."

https://finance.yahoo.com/news/oversupply-skyrockets-canopy-growth-stock-111053798.html