Marlboro maker places $1.8 billion bet on marijuana .... wtf

Good or bad ?

  • Good .... sounds like a good move

    Votes: 3 20.0%
  • Bad ..... Keep big tobacco out

    Votes: 4 26.7%
  • Fucking Nightmare

    Votes: 8 53.3%

  • Total voters
    15

Budzbuddha

Well-Known Member
NEW YORK (AP) -- One of the world's biggest tobacco companies is diving into the cannabis market with a $1.8 billion buy-in.

Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday.

The agreement includes a warrant to acquire additional shares over the next four years that could give the Altria, which is based in Richmond, Virginia, a 55 percent ownership stake in the Toronto company.

That would mean Altria's investment would be in the same league as the $4 billion spent earlier this year by Constellation Brands to acquire shares of Canopy Growth Corp., another Canadian pot producer.

The August investment by Constellation, which makes Corona and other beverages, was the largest to date by a major U.S. corporation in the cannabis market.

Whatever hesitation larger corporations in the U.S. had about entering the cannabis market appears to be fading if there is a financial justification.

Altria's huge investment lit up shares of cannabis companies that have begun to set up shop in Canada, where recreational use was legalized this year.

U.S. traded shares of of Cronos Group Inc. jumped 22 percent Friday.

Rapid growth in the cannabis market is expected to continue as legalization expands in the U.S. and social norms change. On Tuesday, ultra-conservative Utah became the latest state to legalize marijuana use for medical purposes.

Consumers are expected to spend $57 billion per year worldwide on legal cannabis by 2027, according to Arcview Market Research, a cannabis-focused investment firm. In North America, that spending is expected to grow from $9.2 billion in 2017 to $47.3 billion in 2027
 

blu3bird

Well-Known Member
I can already picture a bunch of unemployed white guys getting out of their pickup trucks wearing cargo shorts, fedoras, trenchcoats and neckbeards, puffing on Marloboro vape pens.
Lol, this will definitely change the image of the Marlboro man




I'm on on the fence about big company tobacco getting involved with MJ, on one hand I believe they'll start lobbying for it to be federally legal in the US now, other hand I wonder if it becomes federally legal they're going to make laws that you can't homegrow any more. What if tobacco companies start adding nasty addictive chemicals to MJ? It will be interesting to see where this goes, can't wait to see weed advertisements of white millennial hipsters with Marlboro vape pens.

I think it's safe to say that with companies investing that much money into MJ, prohibition is nearing the end
 

abandonconflict

Well-Known Member
Lol, this will definitely change the image of the Marlboro man




I'm on on the fence about big company tobacco getting involved with MJ, on one hand I believe they'll start lobbying for it to be federally legal in the US now, other hand I wonder if it becomes federally legal they're going to make laws that you can't homegrow any more. What if tobacco companies start adding nasty addictive chemicals to MJ? It will be interesting to see where this goes, can't wait to see weed advertisements of white millennial hipsters with Marlboro vape pens.

I think it's safe to say that with companies investing that much money into MJ, prohibition is nearing the end
It's legal to grow tobacco, not even a limit on the number of plants as far as I know. It stands to reason that this is an indication that people will be able to grow their own if a mass producer holds a big piece of market share. I wonder if they would produce and market any products aimed at the medical side. My guess is flavored recreational shit. If they market rolled herb I'd try it.
 

bionicthumb

Well-Known Member
It's legal to grow tobacco, not even a limit on the number of plants as far as I know. It stands to reason that this is an indication that people will be able to grow their own if a mass producer holds a big piece of market share. I wonder if they would produce and market any products aimed at the medical side. My guess is flavored recreational shit. If they market rolled herb I'd try it.
what does home growing tobacco have to do with anything?
 

bionicthumb

Well-Known Member
its obvious that your point has zero to do with this thread....
you could have been a man and just answered my question,but you chose to be sarcastic instead so i am lead to believe that you are just a stupid kid
 
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SB85

Well-Known Member
Cannabis is very mainstream and seen as the next gold rush by many huge corps.
 

bionicthumb

Well-Known Member
it is so easy to tell an american just by how they post.you guys deserve trump!im shocked at your stupidity and arrogance
 

bionicthumb

Well-Known Member
It's legal to grow tobacco, not even a limit on the number of plants as far as I know. It stands to reason that this is an indication that people will be able to grow their own if a mass producer holds a big piece of market share. I wonder if they would produce and market any products aimed at the medical side. My guess is flavored recreational shit. If they market rolled herb I'd try it.

you start off with tobacco,after that you fail to grasp intelligent thought.
 
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