Look Out Cannabis, Here Comes Big Tobacco - Cannabis News

The corporate onslaught is 'inevitable,' but is it all bad?

The tobacco industry has made some splashy moves into cannabis, which has folks in the pot business wondering how to react.

The latest entrant is the British giant Imperial Tobacco, which last week announced a $93 million investment in Canada's Auxly Cannabis Group, giving Imperial nearly a fifth of that company.

That comes on top of a massive investment by Altria, the parent of Philip Morris USA, which took a 45 percent stake in another Canadian firm, Cronos Group, last March.

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Dan Mitchell ~ EastBayExpress.com ~