Friday, December 07, 2018 9:58:30 AM
Altria is the parent of tobacco company Philip Morris USA Inc. and is taking a 45% stake in Canadian cannabis company Cronos Group Inc. at a cost of US$1.8 billion, stating that the cannabis industry "is poised for rapid growth over the next decade".
Big companies like that don't like wasting money--they see what's coming.
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