E Cannabis Central: These 12 Marijuana-Related Stocks Pay Dividends And Low Volatility

12 consumer goods & bio-pharmaceutical companies have indirect exposure to the marijuana sector, pay dividends and have below-average beta scores. Perhaps one or more of them warrants your investment consideration as opposed to investing in the extremely volatile pure-play cannabis market. Here's why:

1. AbbVie Inc. (NYSE: ABBV)

AbbVie has introduced an FDA-approved marijuana-based drug called Marinol that is used for the treatment of nausea and vomiting in patients enduring chemotherapy and for increasing appetite in patients with HIV/AIDS or certain cancers. It has a beta of 0.97, a dividend yield of 5.8% and its stock went up 15.2% in September.

2. Altria Group Inc. (NYSE: MO)

Altria has entered the marijuana sector with an investment of $1.8B in Cronos Group Inc (Nasdaq: CRON) given that cigarette usage is declining in the U.S. and marijuana decriminalization is starting to take hold. This stake will allow Altria to expand rapidly into the marijuana space, if and when marijuana gets legalized in the U.S. on the federal level. It has a beta of 0.39, a dividend yield of 8.2% and its stock went down 6.5% in September.

3. Associated British Foods (OTCPK: ASBFY)

Associated British Foods has the potential to introduce marijuana-containing products snacks and beverages. and has already ventured into the marijuana industry by becoming a marijuana cultivator and supplier to the medical industry. It has a beta of 0.94, a dividend yield of 0.92% and its stock went up 1.2% in September.

4. Constellation Brands, Inc. (NYSE: STZ)

Constellation Brands has invested $4B in Canopy Growth Corporation (NYSE: CGC) as it sees significant potential for marijuana-infused beverages and, due to its experience in the beverages industry and its existing sales networks, anticipates becoming one of the biggest players in this burgeoning market. It has a beta of 0.69, a dividend yield of 1.4% and its stock went up 1.4% in September.

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Alexa Graham 1 year ago Member's comment

Which of these stocks is your personal favorite Lorimer?