• April 3, 2020

Altria eyes pot

Altria Group is in early stage negotiations to acquire Canadian cannabis producer Cronos Group, according to a Reuters report citing anonymous sources.

Canada legalized the recreational use of marijuana in October. Reuters’ sources said Cronos has not agreed to any deal and there is no certainty it will do so.

photo: Jeremynathan | Dreamstime

A deal would mark one of the largest combinations between mainstream tobacco and the booming yet volatile marijuana secto