Yahoo Finance·2026-01-02 05:01Sector Overview - Vice stocks experienced mixed performance in 2025, with Philip Morris International rising nearly 34% and AB InBev increasing about 29%, while Molson Coors fell 18% [1] - Despite challenges, vice stocks are considered "recession-proof" and are expected to remain resilient in the market [2] Cannabis Industry - President Trump signed an executive order reclassifying marijuana from Schedule 1 to Schedule 3, marking a significant regulatory change for the cannabis sector [4] - Companies in the cannabis industry are facing difficulties accessing financial services and capital, leading to investor wariness [4] Nicotine Market - The shift towards smokeless products is evident, with 41% of Philip Morris's revenue derived from smoke-free products like Zyn [4] - Philip Morris successfully defended against a class-action lawsuit regarding pricing practices for Zyn, the only FDA-approved nicotine pouch [4] Alcohol Sector - Sales of beer, wine, and spirits are declining, with Molson Coors reporting a loss of $2.9 billion in the fall quarter and anticipating a 4% sales drop this year [4] - AB InBev reported its slowest profit growth since 2021, while the industry faces challenges from the "sober-curious" trend [4]