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Main Street needs to understand what Wall Street is actually talking about.
So today, I’ll explain two terms often in the cannabis news: REIT and SPAC.
REIT = real estate investment trust. A REIT’s job is to own real estate, maintain it, rent it out and send the profits to the owners, who are on the hook to Uncle Sam for the taxes.
REITs are generally considered “income” investments. Investors don’t buy them to try to capture earnings growth, they buy them to get the dividend checks.
Here is an example: Innovative Industrial Properties, a New York Stock Exchange-listed REIT that trades under the ticker symbol IIPR, owns leasable cannabis assets such as greenhouses.
IIPR pays a 5.2% dividend, which is far stronger than the broader
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