cannabis investing

5 Cannabis Stocks That Pay Dividends

NYSE Summary:

  • AbbVie Inc. (NYSE: ABBV)
  • Compass Diversified Holdings Inc. (NYSE: CODI)
  • Innovative Industrial Properties (NYSE: IIPR)
  • Scotts Miracle-Gro (NYSE: SMG)
  • Altria Group (NYSE: MO)

AbbVie Inc. (NYSE: ABBV)

AbbVie is a global, research-driven biopharmaceutical company committed to developing innovative advanced therapies for some of the world’s most complex and critical conditions. The company’s mission is to use its expertise, dedicated people and unique approach to innovation to markedly improve treatments across four primary therapeutic areas: immunology, oncology, virology and neuroscience.

Since the mid ’80s, AbbVie has marketed a drug called Marinol. Marinol is a dronabinol capsule that is chemically identical to tetrahydrocannabinol, a.k.a. THC. 

Compass Diversified Holdings Inc. (NYSE: CODI)

Compass Diversified Holdings is a publicly traded holding company (NYSE: CODI) that partners with management teams to acquire and manage North American middle market businesses. CODI is managed by Compass Group Management LLC, an active and highly successful acquirer and manager of middle market companies since 1998.

CODI’s holdings include Manitoba Harvest, a leading hemp foods group and Hemp Oil Canada.

Innovative Industrial Properties (NYSE: IIPR)

Innovative Industrial Properties, Inc. is a newly-formed, self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.

Scotts Miracle-Gro (NYSE: SMG)

The Scotts Miracle-Gro Company is the world’s largest marketer of branded consumer lawn and garden products. And the company took things to the next level when it purchased Hawthorne Gardening Company. This subsidiary of Scotts has long been deemed the benchmark for hydroponic growers. That’s significant because most of the hydroponic growing is dedicated to cannabis.

Altria Group (NYSE: MO)

Altria invested $1.8 billion into cannabis producer Cronos Group (NASDAQ:CRON).  Plus, more recently, they have been successfully throwing around their weight to push for cannabis legalization.

Article By EarthyRealist.com Staff

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