We all remember how Big Tobacco pulled the wool over the eyes of policy makers and the public for decades, peddling fake science that nicotine was not addictive, adding chemicals to cigarettes, and advertising to kids.
As fewer people smoke today, Phillip Morris and the rest of Big Tobacco have turned to new strategies: vapes, foreign markets, and non-combustible nicotine products.
But there’s a new market they’re eyeing: marijuana.
Last month, a subsidiary of Imperial Brands, the tobacco company behind cigarette brands like Winston and Kool, joined with investment firm Casa Verde (the same firm backed by rapper Snoop Dogg) to invest millions of dollars in a marijuana company in England.
Big Tobacco is looking to capitalize on the lax regulations being placed on the marijuana industry. While Imperial Brands is the first tobacco company to invest in the marijuana industry, others will surely follow.
More recently, a major marijuana grower, Tilray, conducted an Initial Public Offering (IPO) and began trading on the New York Stock Exchange.
And we just learned this week that Canada’s legacy Big Beer manufacturer, Molson (of Molson Coors), is creating a marijuana-infused beer.
Friend, you and I both know that the marijuana industry only cares about making huge profits, and the fact that Big Tobacco and Big Alcohol are now dumping millions of dollars into pot companies and products could not make that fact any clearer.
Marijuana legalization is paving the way to the creation of the next big industry and there is no greater time than now to join with me in standing against the normalization of another addiction-for-profit industry.
Thank you again for everything you do,