It is perhaps an overstatement to say that Big Tobacco is unhappy with weed becoming legal — after all, they claim that marijuana isn’t a substance that can act as a substitute for tobacco consumption.
Tag Archives: Big Tobacco
In an interview with Yahoo News and Finance Anchor Bianna Golodryga, former Rep. Patrick Kennedy, D-R.I. claims lobbyists for marijuana legalization are attempting to sell Americans on a “Trojan horse.” Should members of the legal marijuana industry be concerned about Kennedy’s argument gaining momentum?
Those who dare, win — or so the saying goes. Or, in other words, taking big risks can yield big rewards. That’s what makes the world of venture capital so exciting, or, for the rest of us, a trip to the roulette table.
Declining tobacco use could soon intersect with a steady uptick in the smoking and consumption of another leafy drug – marijuana.
On June 16, 2016, the Brookings Institute published “Worry about bad marijuana—not Big Marijuana,” a paper by John Hudak and Jonathan Rauch that argues against the mindset of “Big Marijuana” alarmists.
Cannabis stocks were pretty quiet today. A few announcements came out about companies looking to expand their product lines. We encourage companies to adapt and respond to market demands, but always watch for “me too” or trend hopping.
Altria Group, Inc., in case the name is unfamiliar, is the parent company of Philip Morris USA, America’s largest tobacco producer. Rumors have circulated for years that “Big Tobacco” is poised to play in the cannabis industry … .