Cannabis stocks covers a wide variety of industries including agriculture, biotechnology, pharmaceutical, real estate, retail, and finance. Those engaged in cannabis-related business include companies that conduct medical research, produce drug products, manufacture hemp products, or engage in agricultural activities, real estate activities, or financial services activities.
“Alcohol and tobacco provide a long, established history of delivering all-weather, predictable returns in the equity markets. The emergence of cannabis-related companies and their significant growth potential adds a compelling element to an investment theme particularly resistant to market drawdowns and recessionary environments,” according to AdvisorShares.
Furthermore, alcohol and tobacco companies are among the equity market’s best dividend payers, showing a long history of consistent growth and rising dividends that can enhance a long-term portfolio and meet income-minded investors’ needs.
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