The chart explores the capital intensity of cannabis compared to four other industries thought to be likely suitors for cannabis companies upon federal legalization: Tobacco, Alcoholic Beverages, Pharmaceuticals, and Consumer Products.
Cannabis companies in the U.S. and Canada are capitalizing on the expanding European market as attitudes toward cannabis products continue to evolve and regulatory frameworks become more favorable.
By the close of today, July 11, 2023, Philip Morris Intl (NYSE:PM) will issue a dividend payout of $1.27 per share, resulting in an annualized dividend yield of 5.51%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on June 22, 2023.
Legalizing cannabis presents an opportunity for the federal government to tap into a valuable source of revenue. Instead of relying solely on sales taxes, the integration of the cannabis industry into the legal space can generate substantial personal and corporate income taxes.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said British American Tobacco p.l.c. (NYSE: BTI) is a "cheap stock. I’ll tell you, I actually like some of the things that Philip Morris International Inc.