Cannabis' Biggest Landlord Is Down More Than 80%. Here's Every Tenant That Fell Behind on Rent.

Innovative Industrial Properties (IIPR), the REIT that owns the buildings a lot of the cannabis industry grows in, closed at $53.20 on October 15, 2026, down 81% from its 2021 record. Since 2022, 14 tenants and borrowers have defaulted 17 times. Every tenant that fell behind, the days the stock broke, what re-leasing really costs, and the 14% dividend yield.

Read the full story, with every source: https://newyork420week.com/articles/iipr-down-82-percent-every-tenant-default

Chapters
0:00 Intro
0:28 The short version
1:06 The stock
1:32 The days the stock broke
2:19 PharmaCann, the big one
3:20 Everyone else
4:04 Before the default
4:49 What a new tenant costs
5:29 The dividend
6:12 My take

Data: Yahoo Finance closes through Oct 15, 2026; IIPR 10-K, 10-Q and 8-K filings; state WARN notices. This is reporting, not investment advice.

Narration: AI voice (ElevenLabs). Research, analysis and script: Greg Silverstein (@sourcatjack) for New York 420 Week.

#IIPR #cannabisstocks #REIT #NewYork420Week