Will This Be the Next Tobacco Company to Expand Into the Cannabis Industry?
Tobacco companies have the potential to be great partners to the cannabis industry. Both sectors have faced regulatory challenges and many hurdles with promoting their products in ways other industries simply can't relate to. And numerous tobacco companies have already made investments in the cannabis industry over the past few years, including Altria, Imperial Brands, and most recently British American Tobacco.
But one notable tobacco company that investors are still looking for a big move from is Philip Morris International (NYSE: PM). That could soon change: In a recent interview with Bloomberg, the company hinted that it may not be too long before it dives into the cannabis sector.
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Source Fool.com
