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Marijuana sector needn’t fear Big Alcohol, Tobacco – yet
There has been a flurry of business activity this year by several multibillion-dollar companies in the alcohol and tobacco space looking to capitalize on opportunities in legal marijuana.
Marlboro maker, Cronos join forces in exclusive CA$2.4 billion deal to tap global cannabis opportunities
Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group – the most significant foray by Big Tobacco into the rapidly growing cannabis industry to date.
Altria also agreed to make Cronos its exclusive partner for international cannabis opportunities.
Cannabis firm Cronos confirms talks for investment by Marlboro maker Altria
Cronos Group – the Ontario, Canada-based cannabis multinational – confirmed it is engaged in discussions with tobacco giant Altria Group about a “potential investment” by the company that produces Marlboro cigarettes.
Ahead of Canada’s big day, forecast for cannabis industry gets a boost
On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments.
Pharma giant Bayer on cannabis: No decision ‘until we fully understand market’
Monsanto pulled its Health Canada-approved pesticide from the cannabis market months ahead of a planned merger with German company Bayer, but the pharmaceutical giant is not ruling out an eventual entry into the sector.
