Just think aloud.... Now Beer manufacturer is putting 4 BILLION investment.
And Coco Cola is 'rumored" to be investing in with Canadian Marijuana Growers.
This morning, (Dec 7th, 2018) several media outlets reported that Marlboro cigarettes producer Altria will invest $1.8 billion in Canadian cannabis producer Cronos Group Inc., thus acquiring a 45% stake in the company.
On the heels of Canada's legalizing marijuana on October 17 and, before that, U.S. beer manufacturer Constellation Brands' $4 billion investment in Canopy Growth, another Canadian cannabis company—
(and let's not forget the rumors in September that Coca-Cola was in talks with Canadian marijuana grower Aurora Cannabis to develop CBD-infused drinks—the Altria/Cronos news shouldn't come as a shock to industry observers.)
With the Canadian market offering a legally accessible foothold for companies to dip their toes into a booming but still fragmented industry, this latest development is to be expected.
Constellation Brands, Inc., a Fortune 500 company
A big reason for this has been the languishing tobacco market, which has fallen considerably in the U.S. According to a recent report by the Centers for Disease Control and Prevention, smoking in the U.S. hit an all-time low in 2017, with an approximate 14% use among adults.
That might be good news for the health of Americans but it's bad news for big tobacco companies like Altria, whose stock, according to Reuters in the same article where it reported on the talks with Cronos, sank “by more than 20% over the year.” Small wonder Altria is turning to other areas to boost its declining market share and revenues, such as e-cigarettes, as evidenced by the company being in talks to acquire a minority stake in Juul Labs—and now cannabis.
Someone has to be the 1st for USA
Canada does NOT have the "need" (Clients.. People) that USA will have the DEMAND...
IMO
if the Cigarettes... Coco Cola is investing Canada MJ...
Pepsi.. McDonalds.. Burger King.. WalMart will be Closely following.(someone has to invest in THEE BEST PRODUCT MADE....
MADE IN USA)
I am so HOPING DEWM will part of it...
and all those who sold early...
Sorry for you...
Buy Buy Buy more..
and when you cant afford to buy anymore..
BUY MORE...
Accumulation = Happiness
DEWM Strong..
DEWM LONG...
