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Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group – the most significant foray by Big Tobacco into the rapidly growing cannabis industry to date.
Altria also agreed to make Cronos its exclusive partner for international cannabis opportunities.
Marlboro maker, Cronos join forces in exclusive CA$2.4 billion deal to tap global cannabis opportunities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs