The munKNEE Conservative "Cannabis" Stock Index consists of the 6 tobacco and alcoholic beverage companies with major investments in the cannabis sector (see details below). Its constituents are ranked here in descending order, as to their performances MTD and YTD:

1. Imperial Brands (IMBBY): up 4.3% MTD; down 6.1% YTD
   • has a 19.9% stake in Auxly Cannabis Group (CBWTF)
   • has a dividend yield of 7.5%
   • Read: The Return Trends At Imperial Brands Look Promising
2. Constellation Brands (STZ): up 3.8% MTD; up 10.7% YTD
   • has a 39% stake in Canopy Growth (CGC)
   • has a dividend yield of 1.4%
   • Read: Corona and Modelo maker Constellation Brands expects to benefit if Bud Light sales continue to drag going into the fall and Constellation Brands (STZ) is a Top-Ranked Growth Stock: Should You Buy?
3. Anheuser-Busch (BUD): up 2.6% MTD; down 2.9% YTD
   • has a $100 million joint venture with Tilray (TLRY)
   • has a dividend yield of 1.4%
   • Read: 'They Just Stopped Buying': Bud Light Is Now Selling For Less Than Water In Some US Warehouses, But Is BUD Stock Too Cheap To Pass Up? 1 Reason To Pick It Up Now and Bud Light Plummets To 14th Place Among Beers As Anheuser-Busch CEO Pleads For Consumers To Think Of The 65,000 Employees Impacted By Boycotts
4. Molson Coors (TAP): up 2.2% MTD; up 30.9% YTD
   • has a 57.5%/42.5% joint venture, called TRUSS, with Tilray (TLRY)
   • has a dividend yield of 2.5%
   • short interest: 4.0%
   • Read: Molson Coors Brewing (TAP) is a Top-Ranked Momentum Stock: Should You Buy? and Molson Coors (TAP) Rallies 25.1% in 1H23: Things to Note
5. Altria Group (MO): up 0.4% MTD; down 0.3% YTD
   • has a 45% stake in Cronos Group (CRON)
   • has a dividend yield of 8.3%
   • short interest: 0.8%
   • Read: Is Altria Group Stock a Buy Now?
6. British American Tobacco (BTI): down 0.3% MTD; down 17.1% YTD
   • has a C$221M investment and product development partnership with Organigram Holdings (OGI)
   • has a dividend yield of 8.3%
   • Read: Are Investors Undervaluing British American Tobacco (BTI) Right Now? and Check out our latest analysis for British American Tobacco

In summary, the munKNEE Conservative "Cannabis" Stocks Index is up 2.8% MTD and is now up 6.7% YTD. In addition, the stocks in the Index now have an average dividend yield of 2.9%. In comparison, the American Cannabis MSOs Index is up 11.3% MTD albeit down 10.6% YTD and the Canadian Cannabis LPs Index is down 2.2% MTD and is now down 48.6% YTD.

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 is up 3.2% MTD and is now up 11.2% YTD. It also has a dividend yield of 0.9%.

More By This Author:

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Largest American Cannabis MSOs Are Up 11%
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