Cannabis Industry ChallengesCannabis pricing pressures persist across all major states which continue to weigh on operator performance.
Dividend RiskThe current quarterly dividend is at risk due to reduced earnings power and the high payout ratio.
Earnings OutlookLatest earnings call commentary from public operators highlighted expectations that a recovery in the industry has yet to be on the horizon.
Tenant DefaultsThree tenants and one loan borrower were declared in default after failing to pay contractual obligations, which impacts 27% of IIPR's rental income.