3 Global Brewers Paying Dividends, Exploring Cannabis - Just In Time For Bipartisan Bill

Author: Robert Kuczmarski | November 30, 2022 02:33pm

International brewers are attracted to the prospects of the burgeoning cannabis industry.

Check out these global brewers, each one paying dividends and exploring the cannabis market.

Also Read: Molson Coors Says Farewell To Cannabis And Its Partnership With HEXO, Here's Why

Molson Coors Beverage Company (NYSE:TAP) offers a dividend yield of 2.69% or $1.48 per share annually, making quarterly payments, with a track record of increasing its dividends once in the past year. Molson Coors, the fifth-largest beer company in the world, has a presence in more than 100 countries. Its brands include Coors Light, Miller Lite, Molson Canadian, Carling, and Blue Moon Belgian. In August 2018, the American-Canadian multinational formed a joint venture with HEXO (NASDAQ:HEXO) to produce and market non-alcoholic, cannabis-infused beverages in Canada. Molson Coors’ decided to cut its ties with the U.S. CBD beverage business, which will be effective Dec. 31.
Heineken N.V. (OTCQX:HEINY) offers a dividend yield of 1.63% or 76 cents per share annually, conducting semiannual payments, with a track record of increasing its dividends once in the past year. The company has a larger global presence than any other brewer in the business (more than 300 brands worldwide and selling to over 190 countries). Its brands include Strongbow Apple Ciders, Sol, Amstel, and Tiger, amongst many others. Its Lagunitas subsidiary has a non-alcoholic cannabis-infused sparkling water, Lagunitas Hi-Fi.
Anheuser-Busch InBev (NYSE:BUD) is offering a dividend yield of .94% or .53 cents per share making annual payments, with an inconsistent track record of increasing its dividends. Anheuser-Busch, known for its Budweiser brand, is the world's leading brewer has more than 500 brands which include Michelob Ultra, Modelo, Stella Artois, and Corona to name a few. Anheuser-Busch partnered with Tilray Brands (NASDAQ:TLRY) in a $100 million dollar joint-venture to focus on research into the cannabis-infused, non-alcoholic drinks market in Canada, called Fluent Beverage Company. In January 2022, both Tilray and Anheuser mutually ended the joint venture.

Recall on Nov. 16 when the U.S. Senate passed a bipartisan bill that will streamline the application process for scientific marijuana research and remove existing barriers that currently slow the research process. This bill was introduced by Sen. Dianne Feinstein (D-CA) and Sen. Chuck Grassley (R-IA) with the goal to facilitate marijuana research and its potential health benefits.

The House passed the bill in July, making it the first standalone marijuana-related bill passed by Congress. The bill will now be sent to President Joe Biden to be granted its final approval.

Additionally, U.S. Senate Majority Leader Chuck Schumer (D-NY), has been working towards gaining bipartisan support in passing the SAFE Banking Act which would allow cannabis companies and financial institutions to work together as well as expunging criminal records.

Posted In: BUD HEINY HEXO TAP TLRY