InvestorsHub Logo
Followers 43
Posts 2607
Boards Moderated 0
Alias Born 05/21/2006

Re: Pencow post# 62131

Sunday, 05/09/2021 12:11:55 AM

Sunday, May 09, 2021 12:11:55 AM

Post# of 69600
I agree with you that marijuana is not a direct competitor to cigarettes/big tobacco. I brought it up for different reasons actually. While marijuana has gone from 100% illegal in every form (medicinal and recreational) to getting legalized across the country, cigarettes are going in the opposite direction. Would anyone truly be surprised if cigarettes are banned completely in the next ____ years? The way things are going, you won't be able to buy a pack of cigarettes soon, but you'll be able to buy a pack of marijuana joints. So I think big tobacco blew it by not getting in marijuana early.....as protection for the future and also for an obvious way to make billions of dollars. And of course I mentioned vapes. That was the clearest threat to big tobacco and they blew that one completely. How did they miss that??? How can one of them, Altria I think, pay billions (if I recall correctly) for part of Juul instead of beating Juul to the punch? I just think big tobacco, in America at least, hasn't been able to innovate once since they got big. When they try, they fail. RJ Reynolds, when it was RJR-Nabisco, tried to make an e-cigarette decades before the current vape and e-cig crush we see now. It was terrible, and they canned the idea. So sure, maybe this time they'll make hemp cigarettes and compete with Hempacco. But history says they'll fail badly, or not even try and just buy a part of Hempacco for ridiculous amounts of money.

All just my opinion of course, and I respect it if you disagree with me. And I do understand your concerns about competition. Time will tell.....