{"id":5062,"date":"2018-12-04T04:50:58","date_gmt":"2018-12-04T04:50:58","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/cannabis-firm-confirms-investment-talks-with-marlboro-maker\/"},"modified":"2018-12-04T04:50:58","modified_gmt":"2018-12-04T04:50:58","slug":"cannabis-firm-confirms-investment-talks-with-marlboro-maker","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/cannabis-firm-confirms-investment-talks-with-marlboro-maker\/","title":{"rendered":"Cannabis firm confirms investment talks with Marlboro maker"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"A woman holds a handful of marijuana flower buds, in Vancouver, Canada, on October, 17, 2018.\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/830E\/production\/_104605533_gettyimages-1052403286.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Altria, the maker of Marlboro cigarettes, is in talks with a Canadian cannabis producer over a potential investment in the firm. <\/p>\n<p>Canada&#8217;s Cronos Group <a href=\"https:\/\/thecronosgroup.com\/cronos-group-confirms-discussions-regarding-potential-investment-by-altria-group\/\" class=\"story-body__link-external\">confirmed the discussions<\/a> but said it had not yet reached an agreement.<\/p>\n<p>It follows reports that Altria was in talks to acquire Cronos as it moves to diversify from traditional smokers.<\/p>\n<p>Canada legalised recreational cannabis in October &#8211; the second country in the world to do so.<\/p>\n<p>Cronos confirmed in a statement &#8220;it is engaged in discussions concerning a potential investment by Altria Group Inc. in Cronos Group.&#8221; <\/p>\n<p>&#8220;No agreement has been reached with respect to any such transaction and there can be no assurance such discussions will lead to an investment or other transaction involving the companies.&#8221;<\/p>\n<p>Several other companies around the world are pushing into the marijuana sector. <\/p>\n<p>Corona beer owner Constellation Brands has said it would pour some $4bn (\u00a33.1bn) into Canada&#8217;s top cannabis producer, Canopy Growth, in a deal marking the largest investment in the industry to date.<\/p>\n<p>Tobacco firm Imperial Brands is investing in UK biotech company Oxford Cannabinoid Technologies, while a recent media report said <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45545233\" class=\"story-body__link\">Coca-Cola was in talks with a Canadian producer Aurora Cannabis<\/a> about developing marijuana-infused beverages.<\/p>\n<p>Canadian Prime Minister Justin Trudeau campaigned to legalise cannabis, arguing laws criminalising its use were ineffective given Canadians are among the world&#8217;s heaviest users.<\/p>\n<p>Cannabis possession first became a crime in Canada in 1923 but medical use has been legal since 2001.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46435875\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Altria, the maker of Marlboro cigarettes, is in talks with a Canadian cannabis producer over a potential investment in the firm. Canada&#8217;s Cronos Group confirmed the discussions but said it had not yet reached an agreement. It follows reports that Altria was in talks to acquire Cronos as it moves to &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5062"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5063"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}