In a video post on X this morning, Senator Elizabeth Warren called for the legalization of marijuana nationwide.
This echoes what she said in a January 29 letter to U.S. Attorney General Merrick Garland and DEA Administrator Anne Milgram, where Senator Warren urged the DEA to "swiftly deschedule marijuana from the Controlled Substances Act."
If Senator Warren is successful, it could be huge for this real estate investment trust (REIT) in particular.
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Innovative Industrial Properties
Innovative Industrial Properties currently pays a quarterly dividend of $1.82 per share, equating to an annualized dividend of $7.28 per share and giving its stock a yield of about 7.5% at the time of this writing.
Innovative Industrial Properties is also a dividend-growth superstar. It has raised its annual dividend payment every year since its initial public offering in 2016, putting it on pace for 2024 to mark the 8th consecutive year with an increase.
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