By: Philip | 12-09-2018 | News
Photo credit: Alexey Novikov |

Marlboro Makes $1.8 Billion Investment Into Cannabis Industry

It's technically a move that would seem to make a lot of sense, Marlboro's parent company Altria is making a nearly $2 billion investment into marijuana. I'm not sure when the urban legends about Marlboro's potential interest in a legal marijuana industry began, but I recall hearing rumors as far back as the mid '90s.

Altria Group Inc's 45% stake in Cronos Group, a Canadian medical and recreational provider, could become a controlling ownership over the next 4 years leading to a 55 percent ownership by the Richmond, Virginia based tobacco giant.

Constellation Brands, the makers of Corona, is also entering the industry via $4 billion worth of shares of Canopy Growth Corp., another Canadian marijuana company. So far, that makes the makers of Corona and Marlboro the largest American investors in the burgeoning cannabis market.

Canada's recent legalization of marijuana has provided a safe testing ground for US investors. With Cronos Group stocks jumping 22% on Friday, more US investors may consider adding some green herb companies alongside their blue-chip stocks in their portfolio.

With more states decriminalizing or even opening up cannabis markets for medicinal and/or recreational use and changing perspectives related to marijuana use, the industry will continue to appear more appealing prospects for investment and acquisition.

By 2027, legal cannabis is projected to net $57 billion per year worldwide, according to Arcview Market Research. 2017 spending on legal cannabis in North America hit $9.2 billion but is expected to reach $47.3 billion in 2027.


Twitter: #marlboro #mmj #cannabisindustry #cannabis

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2 Comment/s
em ie No. 92449 2018-12-09 : 19:02

~? C annabis I ndustry A ltria , hum water supply fields with no fires. and stoned people and kids sitting in the family setting just fuming away.. sure to take pain the changing perspectives must of been writen by the growers .. it same as organic wines .. but it so costly to check on that organic ,anything, organic MJ or low chem MJ or lacedMJ lots of jobs for the labs BUT that costly too.. oh right the consumer ::: edit that ""the public will have to sooner or later PAY FOR ALL THE LAB work to ASSURE THE MJ allotments are organic or lowchem etc and user friend and safe .. same goes for the organic /that hide with the buffer sustainable or transitional // ? mint added / and allotted areas where it can be used.. =more controlled and camera areas .. yep that skin tag thing is more advanced and in the making of a new form . not in chip form ..that is old tec...

Anonymous No. 92454 2018-12-09 : 23:22

Cannabis needs marketing experts not a bunch of San Franshti-hole retards like Harbor light hippies/commies. Let big tobacco and those in the know, do the packaging and retail. Growers who have the know how, Oregon Sun Growers and those like them, can do the supplying of cannabis, Michigan Growers can produce too now we are on the map.

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