Conservative “Cannabis” Stocks Index Down Slightly In December And YTD

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The 5 tobacco, beer, and distiller/vintner companies with major investments in the cannabis sector, constituents in the munKNEE Conservative “Cannabis” Stocks Index, are ranked below in descending order as to their performances MTD and YTD and their current dividend yields.
Conservative “Cannabis” Stocks Index

Anheuser-Busch InBev (BUD): UP 3.1%% MTD; UP 8.0% YTD

has a $100 million joint venture with Tilray (TLRY)
has a dividend yield of 1.27%

Imperial Brands (IMBBY): DOWN 1.4% MTD; DOWN 6.4% YTD

has a 19.9% stake in Auxly Cannabis Group (CBWTF)
has a dividend yield of 7.62%

Constellation Brands (STZ): DOWN 1.5% MTD; UP 3.6% YTD

has a 39% stake in Canopy Growth (CGC)
has a dividend yield of 1.49%

Altria Group (MO): DOWN 4.4% MTD; DOWN 12.4% YTD

has a 45% stake in Cronos Group (CRON)
has a dividend yield of 9.71%

British American Tobacco (BTI): DOWN 8.0% MTD; DOWN 26.6% YTD

has a C$346M product development partnership with Organigram Holdings (OGI)
has a dividend yield of 9.84%

SummaryThe munKNEE Conservative “Cannabis” Stocks Index is DOWN 0.79% so far in December and is now DOWN 1.17% so far in 2023. Given that the stocks in the Index have an average dividend yield of 3.25% the gross return of the Index MTD is +2.46%.More By This Author:Psychedelic Drug Stocks Index Up In December; Down YTD
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