IIPR one last push

IIPR has been one of the best performing REIT's over the last 24 months. Its peak high was a 700% move from the 2017 bottom and currently is at a 400% return not including dividends.

Structurally a crash cycle looks to be forming but there are many months that need to play out before this can be confirmed. I am looking to see one last thrust in IIPR to retest resistance in the $110-$120 range before a potential drawdown below $50.

Fundamentally the catalyst for a large drop in price would likley come from the passing of safe banking regulations in the canabis industry. Currently, companies in this sector cannot open bank accounts which puts a strain on cash management and the use of leverage with banks. As a result IIPR has benefited from large scale "sale/leaseback" transactions with these corporations looking to inject liquidity into their operations by selling real estate holdings and leasing them back at a premium.
However.... this strategy will slow down tremendously once banking regulations are passed. Why? Simply put, companies will be able to establish lines of credit, loans and mortgages with banks at lower cost.