Categories: aggregated

The Marijuana Industry Is So Bad Right Now They Can’t Even Bum a Light Off Big Tobacco

Now, Altria, one of the world’s largest tobacco companies is cutting their losses at close to half a billion dollars and walking away from their Cronos investment, and cannabis in general.  Walking away may be a stretch since they will keep a 45% stake in the cannabis company, but according to their press release, they will not be exercising anymore warrants to buy stocks, hence, not moving forward with a 52% share of the company.  As their website says

Jason

Share
Published by
Jason

Recent Posts

New Jersey Is Kicking THC Drinks Out of Liquor Stores. High Tide Has a Plan.

New Jersey’s THC beverage market is heading into the most consequential stretch of its short…

10 hours ago

One of the ‘Mormon Wives’ Chooses Cannabis: Here’s What the Church Actually Says

Mormon Wives star Mikayla Matthews says medical cannabis was “literally life-changing” for her nerve pain…

10 hours ago

Chain vs. Indy: Which Dispensaries Do People Prefer?

Chains reorder every two weeks and earn twice the discounts. Independents stock the same breadth…

10 hours ago

Canna Country #26 in Southern Humboldt: The Ocimene Queen of Canna Country Farms

We head to Canna Country Farms in Humboldt for Legendary Strains to discover the Ocimene…

10 hours ago

The Sky Didn’t Fall: What a Decade of Legalization Actually Taught Us

Cannabis advocates should take the lesson here too. The industry doesn't need to inflate its…

10 hours ago

Twenty Brazilian Cannabis Patient Associations Are Meeting Inside a Free Arts Fair in Fortaleza

Twenty patient associations from across northeastern Brazil are meeting in Fortaleza this month, inside a…

1 day ago