Innovative Industrial Properties Inc (IIPR)

[olivernoyes]

What I mean is that I agree with bleedpurple, meaning IIPR doesn't have any competition right now. Cannabis companies that built out too fast and got themselves top heavy with debt decided they could improve their cash situation by selling their greenhouses to IIPR and leasing them back, long term. However, that's because they weren't able to get traditional bank loans due to the Federal laws which don't allow the big banks to loan to cannabis enterprises.

But once they pass federal legislation to open up banking services to plant touching companies, the financing landscape is going to change DRAMATICALLY.

That will give companies more options for cash than just the sale/leaseback business model that's currently benefitting IIPR big time.