This Cannabis Stock Has A Better 1-Year Return Than Tesla, Nio, GM, Apple, Disney And Microsoft

Investors who added Innovative Industrial Properties Inc IIPR to their portfolio one year ago are living the high life.

Since September 2020, Innovative Industrial stock's 1-year return has outperformed a number of the world’s most popular tech, clean energy and entertainment companies: Tesla Inc TSLA, Nio Inc - ADR NIO, General Motors Company GM, Apple Inc AAPL, Walt Disney Co DIS and Microsoft Corporation MSFT.

For the uninitiated- Innovative Industrial is a real estate investment trust engaged in the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. 

Innovative Industrial mainly targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases. 

Here's how the returns break down from September 2020 to present: 

• Tesla is up from $407.34 a share to $774.39 for a return of 90.11%
• Nio is up from $18.32 a share to $35.38 for a return of 93.12%
• GM is up from $29.00 a share to $52.23 for a return of 80.10%
• Apple is up from $112.28 a share to $146.92 for a return of 30.85%
• Disney is up from $124.00 a share to $176.00 for a return of 41.94%
• Microsoft is up from $207.82 a share to $299.34 for a return of 44.04%
• And finally, Innovative Industrial is up from $123.36 a share to $244.88 for a return of 98.51%

Related Link: Cannabis REIT Innovative Industrial Properties Enters Missouri Via $28.3M Deal With Calyx Peak's Subsidiary