Tobacco Giant Altria Ditches Juul After Investment Plummets

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Put that in your cartridge and smoke it.

Altria, the largest tobacco company in the world, just exited its minority stake in Juul, one of the largest electronic cigarette companies in the world, per a report from the Financial Times. In just over four years, the Marlboro maker's vaping investment nosedived nearly 100%.

Continue reading


Source Fool.com