Marlboro maker Altria showing interest in medical marijuana; in talks with Canada's Cronos...
Story Date: 12/6/2018

 

Source: Dee-Ann Durbin, WINSTON-SALEM JOURNAL, 12/5/18


The maker of Marlboro cigarettes is joining some of the biggest names in beer in exploring the budding cannabis marketplace. Altria Group Inc., which owns Philip Morris USA, is the latest big company to show interest in marijuana. Late Monday, Canadian medical marijuana company Cronos Group Inc. confirmed talks with Altria about a possible investment. Altria, based in Richmond, Virginia, is one of the largest cigarette makers in the United States. The company said it had no comment on Cronos' announcement.

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