British American Tobacco Lost Nothing By Waiting to Enter the Marijuana Market

Rich Duprey, The Motley Fool
·4 min read
British American Tobacco Lost Nothing By Waiting to Enter the Marijuana Market

Tobacco companies have been interested in marijuana for decades, but only recently have cigarette producers made serious investments in the industry. While that's due to a combination of declining cigarette consumption, the prevalence of decriminalization and legalization, and greater public acceptance, it represents a new opportunity for tobacco companies to profit. The latest cigarette giant to stick its toe in the water is British American Tobacco (NYSE: BTI), which is testing out a cannabidiol (CBD) vape product in the U.K.

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