Cannabis firm confirms investment talks with Marlboro maker
Several other companies around the world are pushing into the marijuana sector
Tuesday, December 4, 2018
Altria, the maker of Marlboro cigarettes, is in talks with a Canadian cannabis producer over a potential investment in the firm. Canada's Cronos Group confirmed the discussions but said it had not yet reached an agreement. It follows reports that Altria was in talks to acquire Cronos as it moves to diversify from traditional smokers. Canada legalised recreational cannabis in October - the second country in the world to do so. Cronos confirmed in a statement "it is engaged in discussions concerning a potential investment by Altria Group Inc. in Cronos Group." Several other companies around the world are pushing into the marijuana sector.