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Marlboro maker leaps into the cannabis trade with $2.4B

by / No Comments / 0 View / December 7, 2018

NEW YORK (AP) – One of the world’s biggest tobacco companies is diving into the cannabis market with a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.

Altria, which makes Marlboro cigarettes, is taking a 45 percent stake in the Toronto company.

Cronos said Friday …

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Via: Marlboro maker leaps into the cannabis trade with $2.4B