Buying "Cannibis" - SMG (15 shares, $33 dividend income)

The Scotts Miracle-Gro Company (NYSE: SMG) is the world's largest marketer of branded consumer lawn and garden products.

This company provides a way to invest in the legalization of cannibis trend in North America. It's subsidiary, Hawthorne Gardening Company, formed in October 2014 was created "to meet the demands of hydroponic growers" (a.k.a. cannabis growers) (src: wikipedia)

Cannibis laws and its implementation in various countries and regions are still in progress so this is a speculative investment.

Legality of Cannibis across the World

Current pullback in the whole agriculture sector especially because of US tariffs rumors has provided a good entry price into this name. As long as they maintain their consistent dividend (~2.9%) and revenues going forward, I will wait patiently for them to go much "higher" !

This purchase will add $33 div income annually to my dividend stock portfolio 💪

Basic info:

Market CAP: 2.3B   EPS:$2.81  Dividend: $2.20 (2.9%)