Highest Yielding Marijuana Cannabis Pot Stocks

Sep. 16, 2019 6:34 PM ETAbbVie Inc. (ABBV), SMGACB, AERO, CGC, CRON, HEXO, HMLSF, IIPR, MO, STZ, TAP
Stockerblog profile picture
Stockerblog's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Long/Short Equity, Deep Value, Special Situations, Growth At A Reasonable Price

Contributor Since 2006

The author of Stockerblog worked for over 20 years in the financial services industry as a stockbroker, investment advisor, Vice President of a San Francisco money management firm, mutual fund wholesaler, and market maker on the Pacific Stock Exchange. He has written numerous articles for the Bond and Share Society Journal, Friends of Financial History Magazine, TheStreet.com and many other investment publications. He has also appeared on CNBC and Fox Business News, and is founder of WallStreetNewsNetwork.com. Visit  WallStreetNewsNetwork.com (https://WallStreetNewsNetwork.com)


  • Dividends can reduce risk and volatility with pot stocks.
  • Some large cap companies are involved in the marijuana industry.

by Fred Fuld III

You may have seen some of the major gains in some of the marijuana stocks and wanted to jump on the bandwagon. As an example, Cronos (CRON) has increased by 13% so far this year and Aurora (ACB) rose 26% even after experiencing a big drop during the last six months.

Maybe you are a relatively conservative investor and you want to receive a dividend in return for the risk you are taking. Fortunately, there are several cannabis stocks that provide investors with a yield.

Scotts Miracle-Gro Company (SMG) has a couple divisions in the marijuana industry. Its Hawthorne Gardening Co. subsidiary purchased General Hydroponics which makes and markets products for the pot growers. The company has also invested in the hydroponics company AeroGrow International (OTCQB:AERO) which markets to the small scale grower. Scotts’ current yield is 2.17%, with the latest dividend of 58 cents paid September 10 (today), an incense of 5.5% over the previous quarter. The dividend has increased on an annual basis since 2015.

AbbVie Inc. (ABBV), the marketer of Marinol also known as Dronabinol, a form of tetrahydrocannabinol, one of the main psychoactive ingredients of marijuana. The company has been paying quarterly dividends and has increased the annual dividend every year since 2013. AbbVie’s annual forward dividend yield is 6.28%. The company’s most recent dividend is $1.07 per share, which will be paid to investors on November 15, 2019 to shareholders of record on October 11.

Innovative Industrial Properties Inc. (IIPR), which trades on the New York Stock Exchange, owns, manages, and leases properties to state licensed cannabis growing facilities. Annual dividends since 2017 were 55 cents, $1.20, and $2.40. The dividends are paid quarterly, currently 60 cents per share, up from 45 cents for the previous quarter, an increase of 33%. The company pays a dividend yield of 2.79%.

Altria (MO) is the tobacco company that manufactures and markets cigarettes and smokeless tobacco. The company invested over a billion dollars in Cronos Group (CRON), the Canadian marijuana company. The stock has a forward yield of 7.9%.

Molson Coors (TAP) is the seventh largest brewer in the world. The company is in partnership with HEXO (HEXO) to produce cannabis-infused beverages in Canada. Molson Coors yields 4.03%.

Horizons Marijuana Life Sciences Index ETF (HMLSF) is an exchange traded fund that invests in many companies involved in the marijuana industry. It has a yield of 7.54%.

Constellation Brands (STZ), the beer, wine, and liquor producer, has a significant ownership in the Ontario, Canada based cannabis company Canopy Growth (CGC). Constellation has a dividend yield of 1.44%.

Let’s hope some of these stocks get high, and provide you with a smoking portfolio.

Don’t forget to read:

Exclusive Interview with Chet Billingsley CEO of Mentor Capital on the Marijuana Industry

Is Apple Getting into the Marijuana Industry?

Disclosure: Author owns CGC and a long option position in ACB

Disclosure: I am/we are long ACB.

Additional disclosure: Disclosure: Author owns CGC and a long option position in ACB.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.