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Headlines Tagged with Business (General) 14,386 headlines found

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[Canada] Marlboro maker places $1.8 billion bet on marijuana

That would mean Altria’s investment would be in the same league as the $4 billion spent earlier this year by Constellation Brands to acquire shares of Canopy Growth Corp., another Canadian pot producer. The August investment by Constellation, which make
AP - Associated Press
added Dec 7, 2018 19:45
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[Canada] Altria to marry pot with big tobacco in $1.8 billion Cronos deal

The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the recreational use of marijuana this year, and several other jurisdictions, including some states in the United Sta
Reuters
added Dec 7, 2018 19:18
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[Canada] Slowing Cigarette Sales Push Altria to Explore Other Opportunities

Talks with both companies could be derailed by the baggage that Big Tobacco brings. Some Juul staff are upset after The Wall Street Journal reported last week that the startup is entertaining selling a significant stake to the tobacco company, a move th
The Wall Street Journal Interactive Edition
added Dec 7, 2018 18:57
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[New York] As tobacco disappears from shelves, local smokers shrug: 'I'm supposed to be quitting anyway.'

Cigarette packs and vaping tools will come off the shelves at drugstores and some grocery and big-box stores within three months in Erie County. County Health Department officials have pledged to aggressively enforce a law passed Thursday by the County
Buffalo (NY) News
added Dec 7, 2018 18:38
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[Canada] Altria to Make Growth Investment in Cronos Group

“Investing in Cronos Group as our exclusive partner in the emerging global cannabis category represents an exciting new growth opportunity for Altria,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “We believe that Cronos Group’s ex
Altria Group, Inc.
added Dec 7, 2018 16:31
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[Canada] Cannabis Allure Proves Irresistible for Tobacco Company Altria

With U.S. smoking rates falling fast, Richmond, Virginia-based Altria is under pressure to find new avenues to expand revenue. Marijuana, while still illegal on the federal level in the U.S., is now allowed in an increasing number of states, while Canada
Bloomberg News
added Dec 7, 2018 16:10
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[Canada] Altria takes C$2.4bn stake in Canadian pot group Cronos

As part of the deal, Altria gets to nominate four directors, including one independent director, to serve on Cronos’ board. Cronos will in turn become Altria’s “exclusive partner for pursuing cannabis opportunities throughout the world”. “Altria is the
Financial Times (uk)
added Dec 7, 2018 13:29
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[Massachusetts] Provincetown Board of health pushes for smoke-free incentives

In an effort to stub out secondhand smoke complaints from tenants at affordable and community housing developments, the board of health is seeking to amend the town’s bylaws to incentivize developers and managers to implement smoking policies.
Wicked Local (MA)
added Dec 7, 2018 12:28
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[District of Columbia] LETTER: The cigarette tax burns the District’s mom-and-pop convenience stores

of course, a $2-per-pack cigarette tax in the District will drive smokers to other locations or the black market. And when they go into a store for cheaper cigarettes, they also buy other items, such as milk, bread, sodas, candy or beer. All of this hurts
Washington Post
added Dec 6, 2018 18:44
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[UK] One Stop stores install Imperial Tobacco vaping display

More than 700 One Stop stores have installed a POS unit for Imperial Tobacco’s Blu vaping products. The units, designed by Aspen Concepts, are created by replacing both of the doors on the traditional tobacco cabinet with a new set containing the Blu va
Talking Retail (uk)
added Dec 6, 2018 18:06
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