Philip Morris Is Eyeing Cannabis Industry
The company is ‘carefully monitoring’ the cannabis market
Ever since cannabis legalization started taking hold across the United States, advocates have spun a wealth of concerns shrouded in conspiracy theories about how their precious plant would one day be owned by the tobacco companies.
Several fake news stories surfaced years ago suggesting that Marlboro had already jumped into the cannabis game and was selling joints in legal states. None of that was true, of course, but the scenario wasn’t too far-fetched. It turns out Philip Morris, maker of Marlboro, is presently eying the cannabis industry to see where it fits in.
In a recent interview with Bloomberg, Philip Morris CEO Andre Calantzopoulos said the company was carefully monitoring the cannabis market and watching how regulations unfold. “We are doing all this work and will determine one day what avenues to pursue,” he said. “But our priority is what we’re doing with our smoke-free products, and that’s where I would stay on cannabis.”
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