Everyone and their cousin loves a cutting-edge, disruptive company. The marijuana industry has one in particular that any investor considering the sector needs to be aware of.
Longtime Motley Fool contributor Eric Volkman has the skinny in this video clip from a conversation with cannabis and healthcare bureau chief Corinne Cardina during Motley Fool Live. This segment was recorded on Dec. 22, 2020.
Corinne Cardina: One stock that really is in a position where it benefits from pot companies not being able to get traditional loans and capital from banks and financial services. Of course, that’s Innovative Industrial Properties (NYSE:IIPR). It’s a REIT stock. What do you think about the future for IIPR as we slowly, but –hopefully steadily — move toward decriminalization?
Eric Volkman: I think they still have a good future, because marijuana even if it’s decriminalized, even if it’s legalized, even if [marijuana companies] have full access to banking services…
Any kind of business getting a loan from a bank is, well, [that] wouldn’t be your first choice for a financing option because it’s expensive. Now, like in Canada, for example, some companies are paying double-digit interest rates on bank loans like credit facilities that they get from banks and syndicate lenders. In the States you might have a…
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Everyone and their cousin loves a cutting-edge, disruptive company. The marijuana industry has one in particular that any investor considering the sector needs to be aware of.
Longtime Motley Fool contributor Eric Volkman has the skinny in this video clip from a conversation with cannabis and healthcare bureau chief Corinne Cardina during Motley Fool Live. This segment was recorded on Dec. 22, 2020.
Corinne Cardina: One stock that really is in a position where it benefits from pot companies not being able to get traditional loans and capital from banks and financial services. Of course, that’s Innovative Industrial Properties (NYSE:IIPR). It’s a REIT stock. What do you think about the future for IIPR as we slowly, but –hopefully steadily — move toward decriminalization?
Eric Volkman: I think they still have a good future, because marijuana even if it’s decriminalized, even if it’s legalized, even if [marijuana companies] have full access to banking services…
Any kind of business getting a loan from a bank is, well, [that] wouldn’t be your first choice for a financing option because it’s expensive. Now, like in Canada, for example, some companies are paying double-digit interest rates on bank loans like credit facilities that they get from banks and syndicate lenders. In the States you might have a…
