Tobacco Vs. Cannabis: Why Doesn't The U.S. Government Want Our Money?
Portfolio Pulse from Nicolás Jose Rodriguez
The article discusses the potential of the cannabis industry as a source of tax revenue for the U.S. government, comparing it to the tobacco industry. It highlights that cannabis tax revenue has surpassed tobacco tax revenue in states like Colorado and Washington. The article also mentions the need for tax reform to unlock the full potential of the cannabis economy. Major tobacco players such as Philip Morris International, Altria Group, Imperial Brands, and British American Tobacco are exploring opportunities in the cannabis market.
June 30, 2023 | 3:21 am
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POSITIVE IMPACT
Imperial Brands and British American Tobacco are exploring opportunities in the cannabis market.
Both companies' exploration of the cannabis market could potentially open up new revenue streams.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cronos Group received a $1.8 billion investment from Altria Group.
The investment from Altria Group could provide Cronos Group with the necessary capital to expand its operations and increase its market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Altria Group has invested $1.8 billion in Cronos Group, indicating interest in the cannabis market.
Altria's investment in Cronos Group shows a strategic move to diversify its portfolio and tap into the growing cannabis market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
OrganiGram Holdings received investment from British American Tobacco.
The investment from British American Tobacco could provide OrganiGram Holdings with the necessary capital to expand its operations and increase its market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Philip Morris International is exploring opportunities in the cannabis market.
The company's exploration of the cannabis market could potentially open up new revenue streams.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Pyxus International acquired majority stakes in Goldleaf Pharm and Canada's Island Garden.
The acquisitions could potentially increase Pyxus International's market share in the cannabis industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Auxly Cannabis Group received investment from Imperial Brands.
The investment from Imperial Brands could provide Auxly Cannabis Group with the necessary capital to expand its operations and increase its market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90