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The munKNEE Conservative "Cannabis" Stock Index consists of the 6 tobacco and beer companies with major investments in the cannabis sector (see details below) and its constituents are ranked below in descending order as to their performances so far in July (July 27th) and YTD:

1. Constellation Brands (STZ): UP 10.7% so far in July; UP 18.1% YTD
   • has a 39% stake in Canopy Growth (CGC)
   • has a dividend yield of 1.3%
   • has a forward price to earnings (PE) ratio of 23.2
   • has a short interest of 1.6%
   • Read: Should You Investigate Constellation Brands At US$271?
2. Imperial Brands (IMBBY): UP 8.0% so far in July; DOWN 2.8% YTD
   • has a 19.9% stake in Auxly Cannabis Group (CBWTF)
   • has a dividend yield of 7.1%
   • has a trailing price to earnings (PE) ratio of 11.0
   • Read: The Return Trends At Imperial Brands Look Promising
3. Molson Coors (TAP): UP 7.6% so far in July; UP 37.9% YTD
   • has a 57.5%/42.5% joint venture, called TRUSS, with Tilray (TLRY)
   • has a dividend yield of 2.4%
   • has a forward price to earnings (PE) ratio of 14.3
   • has a short interest of 4.2%  - 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.
   • Read: Is a Beat in Store for Molson Coors (TAP) in Q2 Earnings?
4. Anheuser-Busch (BUD): UP 4.2% so far in July; DOWN 1.3% YTD
   • has a $100 million joint venture with Tilray (TLRY)
   • has a dividend yield of 1.4%
   • has a forward price to earnings (PE) ratio of 19.2
   • Read: Anheuser-Busch CEO lays off hundreds as Bud Light boycott bites
5. British American Tobacco (BTI): UP 2.4% so far in July; DOWN 14.6% YTD
   • has a C$221M product development partnership with Organigram Holdings (OGI)
   • has a dividend yield of 8.1%
   • has a forward price to earnings (PE) ratio of 8.0
   • Read: Is British American Tobacco Stock's 8% Dividend Yield Safe?
6. Altria Group (MO): UP 1.1% so far in July; UP 0.4% YTD 
   • has a 45% stake in Cronos Group (CRON)
   • has a dividend yield of 8.3%
   • has a forward price to earnings (PE) ratio of 9.2
   • has a short interest of 0.9%  
   • Read: Is Altria Group's 8.2% Dividend Yield Safe for the Long Run?

In summary, the munKNEE Conservative "Cannabis" Stocks Index is UP 7.9% so far in July and is now UP 11.9% YTD. In addition, the stocks in the Index now have an average dividend yield of 2.76%.

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 1.4% so far in July and is UP 9.3% YTD.

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