Altria to invest $1.8 billion in cannabis
Altria is also weighing an investment in e-cigarette company Juul, CNBC has reported. Those talks could be completed as soon as soon as later this month, a person familiar with the situation tells CNBC.
Sales of cigarettes have slowed and its customers have either turned to other recreational products – like cannabis and e-cigarettes – or are threatening to do so in the future. Those industries, though, are in need of expertise to navigate regulatory hurdles and capital to invest in their company…