The 6 tobacco and beer companies with major investments in the cannabis sector, components of the  munKNEE Conservative "Cannabis" Stock Index, are ranked below in descending order as to their performances this week and since the end of August along with their latest news.

 munKNEE Conservative "Cannabis" Stock Index

1. Altria Group (MO): up 0.5% this week; down 4.8% since the end of August 
   • has a 45% stake in Cronos Group (CRON)
   • has a dividend yield of 9.3%
   • has a forward price-to-earnings* (P/E) ratio of 8.4
   • has a forward price-to-sales ratio** (PSR) of 3.6
   • has a price-to-earnings-growth*** (PEG) ratio of 1.8
   • has a short interest**** of 0.8%  
   • Read:
     • Altria Increases Quarterly Dividend by 4.3% to $0.98 Per Share
     • Altria Reports 2023 Second-Quarter and First-Half Results; Reaffirms 2023 Full-Year Earnings Guidance
2. Imperial Brands (IMBBY): up 0.5% this week; down 10.7% since the end of August
   • has a 19.9% stake in Auxly Cannabis Group (CBWTF)
   • has a dividend yield of 8.7%
   • has a forward price-to-earnings (PE) ratio of 5.9
   • has a forward price-to-sales ratio (PSR) of 1.5
   • has a price-to-earnings-growth (PEG) ratio of 5.9
   • has a short interest of 0%
   • Read:
     • Imperial Brands sticks by forecast, announces $1.3 billion share buyback
     • Are Imperial Brands shares doomed by the UK smoking ban?
3. British American Tobacco (BTI): down 2.9% this week; down 8.1% since the end of August
   • has a C$221M product development partnership with Organigram Holdings (OGI)
   • has a dividend yield of 0.3%
   • has a forward price-to-earnings (PE) ratio of 9.8
   • has a forward price-to-sales ratio (PSR) of 2.0
   • has a price-to-earnings-growth (PEG) ratio of 7.6
   • has a short interest of 0%
   • Read:
     • What’s going on with the Imperial Brands share price?
     • Imperial Brands: Rizla-maker kicks off bumper buyback with £550m purchase
4. Constellation Brands (STZ): down 5.9% this week; down 9.2% since the end of August
   • has a 39% stake in Canopy Growth (CGC)
   • has a dividend yield of 1.5%
   • has a forward price-to-earnings (PE) ratio of 20.2
   • has a forward price-to-sales ratio (PSR) of 4.4
   • has a price-to-earnings-growth (PEG) ratio of 2.3
   • has a short interest of 0.8%
   • Read:
     • Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
     • Jim Cramer sees a major catalyst ahead for Corona maker Constellation Brands stock
5. Anheuser-Busch InBev (BUD): down 6.2% this week; down 7.2% since the end of August
   • has a $100 million joint venture with Tilray (TLRY)
   • has a dividend yield of 1.6%
   • has a forward price-to-earnings (PE) ratio of 17.4
   • has a forward price-to-sales ratio (PSR) of 1.8
   • has a price-to-earnings-growth (PEG) ratio of 1.6
   • has a short interest of 0%
   • Read:
     • Analyst: Now's the time to buy Bud Light stock as ‘Bud blues are old news'
     • Bill Gates puts $100m into Anheuser-Busch: Impact on Bud Light stock
6. Molson Coors Beverage (TAP): down 6.9% this week; down 6.8% since the end of August
   • has a dividend yield of 2.8%
   • has a forward price-to-earnings (PE) ratio of 11.9
   • has a forward price-to-sales ratio (PSR) of 1.1
   • has a price-to-earnings-growth (PEG) ratio of 1.2
   • has a short interest of 3.6%
   • Read:
     • Molson Coors Beverage Company Introduces Plan to Accelerate Its Growth and Provides Long-Term Financial Outlook at Its 2023 Strategy Day
     • Molson Coors Beverage Company Acquires Blue Run Spirits, Further Expanding Its Portfolio Beyond the Beer Aisle

Definitions

• *The price-to-earnings (P/E) ratio is the ratio for valuing a company that measures its current share price relative to its earnings per share. An excellent forward PE ratio is between 10-25 for major stocks since stocks with a forward PE below 10 can often be a value trap. On the other hand, those above 25 can be too expensive as they are priced with irrationally high growth anticipations.
• **The price-to-sales ratio (PSR) describes how much someone must pay to buy one share of a company relative to how much that share generates in revenue for the company. and, as such, determines whether its stock is cheap or overpriced in comparison to its peers. While the ideal ratio depends on the company and industry, the ratio is typically good when the value falls between one (1)  and two (2) and a ratio of less than one (1`) is even better.
• ***The price earnings-to-growth ratio (PEG ratio) is considered to be an indicator of a stock's true value. A PEG lower than 1.0 is best, suggesting that a company is relatively undervalued.
• ****A high short interest signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.

In summary, the munKNEE Conservative "Cannabis" Stocks Index was down 4.8% this week and is now down 8.2% since the end of August. In addition, the stocks in the Index now have an average dividend yield of 3.3%.

If you are interested in this category consider the  AdvisorShares VICE ETF (VICE) which invests in "vice" industries which include alcohol and beer (43%), gaming and casinos (29%), tobacco and cannabis (17%), hospitality (6%) and other related business activities (5%) stocks. The ETF was down 2.8% this week and is now down 10.3% since the end of August.

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