/zigman2/quotes/210126838/composite TPB -0.85% /zigman2/quotes/210207837/composite BTI -0.44% /zigman2/quotes/206842762/composite CRON -3.83% /zigman2/quotes/200603886/composite CGC -7.10% /zigman2/quotes/208895754/composite MO +0.92%
Aug 18, 2022 (Stock Market Press via COMTEX) -- Five winning stocks in the Vape Industry seen by finder.com as Turning Point Brands /zigman2/quotes/210126838/composite TPB -0.85% , British American Tobacco PLC ADR /zigman2/quotes/210207837/composite BTI -0.44% Cronos Group /zigman2/quotes/206842762/composite CRON -3.83% , Canopy Growth /zigman2/quotes/200603886/composite CGC -7.10% and Altria Group /zigman2/quotes/208895754/composite MO +0.92% as industry reaches $7.4 Billion, according to Grand View Research. As a greater number of US states legalize cannabis and e-cigarettes and vaping goes mainstream, NASDAQ and NYSE publicly listed stocks are being closely watched by investors.
StockMarketPress is a media company which is spotlighting the cannabis indus-try analyzing how cannabis legalization by state in 2022 could impact companies and investors. Some of the stocks it recently reported on include Palomar Hold-ings, Inc. /zigman2/quotes/211319674/composite PLMR -2.22% , Aurora Cannabis Inc. /zigman2/quotes/210559470/composite ACB -6.06% /zigman2/quotes/203734337/delayed CA:ACB -5.62% , Supreme Cannabis Co. , The Green Organic Dutchman /zigman2/quotes/229419907/delayed CA:TGOD -4.35% (otcqx:TGODF), OrganiGram Holdings Inc. /zigman2/quotes/209289540/composite OGI -1.00% , Canopy Growth Corp. /zigman2/quotes/200603886/composite CGC -7.10% CBD Unlimited, Inc. (otc pink:EDXC),).
Wall Street investors are watching the growth of publicly listed NASDAQ and NYSE stocks. Grand View Research sees the vape and e-cigarette market in the U.S. growing by a 27.3% CAGR through 2028, and already reaching $7.3 billion in the U.S. in 2021.
The stocks picked in the the vaping and e-cigarette industry for 2022 by finder.com include these:
? Turning Point Brands /zigman2/quotes/210126838/composite TPB -0.85% just declared another stock dividend. It is well positioned in the alternative smoking and accessories industry. It markets through its Zig-Zag(R) and Stoker's brands as well as its emerging NewGen seg-ment. Its products are available in the US online as well as 215,000 retail outlets.
? British American Tobacco PLC ADR /zigman2/quotes/210207837/composite BTI -0.44% is well liked by investors be-cause it spends about 49% of its free cash flow on dividends. Next year Wall Street expects even sweeter returns of 79.4% higher. It offers nicotine and to-bacco products worldwide to consumers.
? Cronos Group
manufactures, distributes and markets hemp-derived cannabis products in the US through its branded names Lord Jones and Happy Dance. It has a trailing 12-month revenue of $94.3 million.
? Canopy Growth /zigman2/quotes/200603886/composite CGC -7.10% is successfully in both the recreational and medical fields, in the US, Canada and Germany. It is positioned in the vape busi-ness as well as dried cannabis flower, extracts and and concentrates.
? Altria Group /zigman2/quotes/208895754/composite MO +0.92% is seen as a long-term play by Wall Street because over the past five years it has a return-on-capital rate of 69%. It sells tobacco prod-ucts, smokeless tobacco and alcoholic beverages.
Source: Stock Market Press
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