For me is big tobacco stocks(altria, philip morris, imperial brands, BAT)
2008 till now all these stocks have almost double their dividend.
Every year you read they are always increase earnings per share, dividend per share.
Their products have pricing power, government knows that too, they always kena tax first during government budget
Humans like psychoactive substance sugar nicotine alcohol, it's well known since 1960s tobacco is not gd for human health but due human nature there are still smokers around.
Their past management in the 1970s already prepping for mj legalization.
I am betting the ones who can easily zig zag through future regulation, going to have best brandings, marketing and mj substance delivery to human body will be these companies.
Their stocks price is always lower due to "sin stock" tag, some people(and some pension funds and insurance companies due to social pressure) just totally refuse to invest in this stock due to personal reasons therefore always can buy at low valuation meaning higher returns for the one who are willing to buy them.
I hope i am right and huat ah!!
if i am wrong means human nature changed! human no longer smoke! no more 2nd hand smoke for non smoker too!