# Hands-Down Best Cannabis Stock for Dividend Investors

> Innovative Industrial Properties preferred stock offers 9% yield with cannabis industry exposure.
- Title: Hands-Down Best Cannabis Stock for Dividend Investors
- Summary: Innovative Industrial Properties preferred stock offers 9% yield with cannabis industry exposure. Innovative Industrial Properties 9.00% Series A Cumulative…
- Keywords: innovative industrial properties, iipr, cannabis, dividend, preferred stock, reit, cannabis industry, finance, money, Hands-Down, Best, Stock
- Source: The Motley Fool — https://fool.com/investing/2026/10/19/here-s-the-hands-down-best-cannabis-stock-for-dividend-investors
- Author: Keith Speights
- Published: 2026-10-19T08:44:02+00:00
- Read time: 1 min
- Topics: innovative industrial properties, iipr, cannabis, dividend, preferred stock, reit, cannabis industry, finance, money
## Why cannabis stocks are risky for income investors
Most cannabis stocks don't pay dividends and operate in a highly volatile industry.
## The preferred stock solution
Innovative Industrial Properties 9.00% Series A Cumulative Redeemable Preferred Stock offers 9.3% yield.
## Why preferred stock is safer than common stock
Preferred dividends are contractual and must be paid before common dividends.
## The risks of cannabis industry exposure
Cannabis operators may miss payments to Innovative Industrial Properties.
## Tenant concentration risk
Only five tenants pay half of Innovative Industrial Properties' total rental revenue.
## Who this stock is for
Aggressive income investors seeking cannabis industry exposure without company risk.
## Key takeaway

Innovative Industrial Properties 9.00% Series A Cumulative Redeemable Preferred Stock provides 9.3% yield and priority over common shareholders in cannabis industry.