In the United States at least, to commemorate their year in the Oriental Chair, Masters and Grand Masters generally come up with lapel pins, challenge coins, or occasionally custom ties to pass out to officers, visitors, and others.
Well, that stuff's passé these days.
MW Anthony R. Cracco, Grand Master of the Grand Lodge of Illinois, has a better idea. He's got cigars.
According to Facebook, he sometimes gives a box of these to a lodge to auction off as a fund raiser.
During my years in the advertising business, we had a saying: "Where do good ideas come from? SOMEBODY ELSE!"
Masonic cigars have been around for a long time, and the current cigar craze has brought about several modern choices like HERE and HERE (although this is the first time I've heard of a GM doing this).