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posted by Fnord666 on Sunday December 09 2018, @04:51AM   Printer-friendly
from the big-green dept.

Marlboro owner Altria invests $1.8 billion in cannabis company Cronos

Altria hopes pot is the key to help it grow beyond its stagnant cigarette business. Tobacco giant Altira is investing $1.8 billion in Canadian cannabis company Cronos Group. That will give Altria a 45% stake in the company, with an option for Altria to increase its stake to 55% over the next five years. Reports of an Altria-Cronos deal first surfaced earlier this week. The decision by Altria to go ahead with an investment in Cronos shows that Altria is serious about investing in marijuana as a new growth area as sales of traditional cigarettes slow. Altria's stock has fallen nearly 25% this year and the company is expected to report revenue growth of only about 1% this year and in 2019.

[...] Cronos and other cannabis stocks have been thrust into the spotlight in the past few months following the legalization of recreational marijuana in Canada in October, as well as legalized recreational and medical pot in several US states last month. With Democrats winning control of the US House, Congress may finally pass the Farm Bill, which would make it legal to produce hemp and potentially open the door for more products containing cannabidiol, or CBD. Many alcoholic beverage, tobacco and other consumer products companies may want to bet on cannabis. Canadian marijuana company Canopy Growth (CGC) already has received a multibillion dollar investment from Corona owner Constellation Brands (STZ). Coca-Cola (KO) was rumored to be considering an investment in Canadian cannabis company Aurora (ACB). [...] Coke's archrival Pepsi (PEP) hasn't completely ruled out a move into cannabis.

Altria's Canadian Pot Bet Is Really About the U.S.

It's official: Big Tobacco is now a player in the cannabis market. That will change the game.

Previously: Another Major Beermaker is Looking at Ways to Enter the Cannabis Business
Coca-Cola Is Eyeing the Cannabis Market
Peter Thiel's Cannabis Company Was Briefly Worth More Than Twitter
Cannabis Becomes Legal in Canada


Original Submission

Related Stories

Another Major Beermaker is Looking at Ways to Enter the Cannabis Business 17 comments

Molson Coors considers getting into marijuana business in Canada

Company looking to invest, collaborate on cannabis-infused beverages

Denver-based Molson Coors Brewing Co. is weighing whether to expand into the sector with Canada poised to legalize the drug for recreational use this October. The brewer is said to have held talks with several Canadian-based marijuana companies to invest and collaborate in cannabis-infused beverages in an attempt to halt declining beer sales, according to a Friday report from BNN Bloomberg, citing several unidentified people familiar with the matter.


Original Submission

Coca-Cola Is Eyeing the Cannabis Market 33 comments

Coca-Cola says it's monitoring the nascent industry and is interested in drinks infused with CBD -- the non-psychoactive ingredient in marijuana that treats pain but doesn't get you high. The Atlanta-based soft drinks maker is in talks with Canadian marijuana producer Aurora Cannabis to develop the beverages, according to a report from BNN Bloomberg Television.

"We are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world," Coca-Cola spokesman Kent Landers said in an emailed statement to Bloomberg News.


Original Submission

Peter Thiel's Cannabis Company Was Briefly Worth More Than Twitter 28 comments

From the fine pages of the New York Post, such as they are:

Shares of Peter Thiel-backed marijuana grower Tilray soared as much as 94 percent on Wednesday, briefly hitting a market value of $28 billion, as bullish comments from the company's chief executive stoked Wall Street's growing euphoria over marijuana stocks.

But late in the afternoon, the shares crashed, falling briefly into negative territory before spiking in the final minutes to close the day at $214.06, up 38 percent. Traders blamed the wild ride, marked by at least four halts for volatility, on a short squeeze as pot-addled investors tried to get their heads around the budding business of legalized weed.

Despite the bumpy day, shares of the Canada-based pot farmer — which are up 10-fold from their debut on the Nasdaq in July — closed with a market capitalization of $19.93 billion, bigger than Expedia, Dish Networks and Mylan. Twitter, which briefly got eclipsed by Tilray, closed Wednesday with a market cap of $22.3 billion.

Thiel, the libertarian tech tycoon who backed Donald Trump in 2016, is rolling in the green thanks to Tilray's runup. Pot-focused private equity fund Privateer Holdings, in which Thiel is a big investor, owns 76 percent of Tilray's stock — making the fund's stake worth roughly $15 billion.

Wow, better than a Tesla pump-and-dump, no doubt due to the mimetic transfusion of young non-gay blood!

See also: Investing in cannabis is 'a great hedge' for alcohol and drug companies, CEO of medical marijuana producer Tilray says
Canadian cannabis producer Tilray had a wild day after its CEO appeared on Cramer's 'Mad Money' (TLRY)
It's Time for a Reality Check About Tilray
Weed is the new blockchain
Tilray Is Partying Like It's 1999 (and It Won't End Well)
Pot-focused investment fund backed by Peter Thiel gets a boost from its big stake in Tilray


Original Submission

Cannabis Becomes Legal in Canada 34 comments

Recreational cannabis is now legal in Canada... to a point. Here are some ground rules:

Adults of at least 18 years old will be allowed to carry and share up to 30 grams of legal marijuana in public, according to a bill that passed the Senate in June. They will also be allowed to cultivate up to four plants in their households and make products such as edibles for personal use.

[...] The supply of recreational marijuana could be limited, at least early on, in some stores. Officials in Nova Scotia and Manitoba said they won't have a large selection, at least not on the first day, CNN affiliate CBC News reported. [...] Marijuana will not be sold in the same location as alcohol or tobacco. Consumers are expected to purchase the drug from retailers regulated by provinces and territories or from federally licensed producers when those options are not available.

[...] Authorities will soon announce plans to pardon Canadians who have been convicted with possession of 30 grams or less of marijuana, CNN partner CTV reported. The production, distribution or sale of cannabis products will still be an offense for minors.

Altria Invests $12.8 Billion in E-Cigarette Maker Juul, Valuing It at $38 Billion 16 comments

Altria board approves $13 billion investment in e-cigarette company Juul

Altria's board of directors has approved its $12.8 billion investment in leading e-cigarette manufacturer Juul, with a formal announcement planned for Thursday before market open, people familiar with the matter told CNBC. Juul's board is meeting to consider the deal.

Tobacco giant Altria will invest $12.8 billion for a 35 percent stake in Juul, which values the e-cigarette company at $38 billion, the people said. The deal combines the maker of the best-selling cigarette with the best-selling e-cigarette and comes as both companies are under pressure.

The deal marks a turning point for Juul. The company has positioned itself as anti-tobacco, with a mission to help to wean adults off combustible cigarettes, which are responsible for killing about half a million Americans every year. With this deal, though, it will be partly owned by one of the world's biggest tobacco giants.

As such, Juul stipulated a number of conditions to help ensure the Altria deal furthers its goals. As part of the agreement, Altria would add Juul coupons to Marlboro and other cigarette packs and give Juul some of its prime shelf space, the people familiar said.

Also at NYT, Reuters, and The Verge.

See also: Marlboro maker Altria nears deal to take 35 percent stake in leading e-cigarette company Juul, sources say
$1.3 million: the average bonus Juul employees get after a deal with a cigarette maker

[$38 billion] makes Juul Labs Inc. more valuable than Airbnb and Elon Musk's SpaceX, according to Bloomberg News.

Previously: E-Cig Maker Juul Valued at $15-16 Billion
FDA Raided E-Cigarette Maker Juul to Look for Evidence That the Company Targets Minors
Juul Boosts Lobbying Spending as Potential E-Cigarette Regulations Loom
Marlboro Owner Invests $1.8 Billion in Cannabis Company


Original Submission

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  • (Score: 2, Insightful) by Anonymous Coward on Sunday December 09 2018, @05:27AM (35 children)

    by Anonymous Coward on Sunday December 09 2018, @05:27AM (#771820)

    Here comes the lifestyle marketing. There will be pot brands for every demographic, just as we find with tobacco and alcohol and so many other products.

    One brand makes you more womanly. One brand shows your social justice concern. One brand shows how business-savvy you are. One brand displays your support for America. One brand lets everybody know you are a metrosexual. One brand exhibits your wealth. One brand honors disabled veterans. One brand is for athletes. One brand signals that you are a lesbian.

    We fucked up.

    This needed to be a combo of grow-your-own and plain brown unbranded boxes identified only by government-assigned random numbers.

    • (Score: 2) by legont on Sunday December 09 2018, @05:34AM (22 children)

      by legont (4179) on Sunday December 09 2018, @05:34AM (#771821)

      Hard to imagine the whole continent stoned, but even harder what it will take to stop it.

      --
      "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
      • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @05:48AM (8 children)

        by Anonymous Coward on Sunday December 09 2018, @05:48AM (#771823)

        A police state will do the trick.

        • (Score: 2) by legont on Sunday December 09 2018, @06:17AM (7 children)

          by legont (4179) on Sunday December 09 2018, @06:17AM (#771829)

          It takes more than one police officer to stop one offender. Truly mass suppression is very hard to implement. One needs support of if not a majority, but at least some very substantial part of the population. Besides, I can imagine police brands of "Marlboro" as well.

          --
          "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
          • (Score: 5, Insightful) by coolgopher on Sunday December 09 2018, @07:01AM (6 children)

            by coolgopher (1157) on Sunday December 09 2018, @07:01AM (#771834)

            You don't need the _support_ of a large portion of the population, only enough _fear_ to keep them in line.

            • (Score: 1) by khallow on Sunday December 09 2018, @02:18PM (5 children)

              by khallow (3766) Subscriber Badge on Sunday December 09 2018, @02:18PM (#771920) Journal

              You don't need the _support_ of a large portion of the population, only enough _fear_ to keep them in line.

              In other words, support of a large portion of the population. That's what "enough fear" means.

              • (Score: 2) by coolgopher on Tuesday December 11 2018, @12:50AM (4 children)

                by coolgopher (1157) on Tuesday December 11 2018, @12:50AM (#772681)

                compliance != support

                • (Score: 1) by khallow on Tuesday December 11 2018, @02:45AM (3 children)

                  by khallow (3766) Subscriber Badge on Tuesday December 11 2018, @02:45AM (#772729) Journal

                  compliance != support

                  I disagree.

                  • (Score: 2) by coolgopher on Tuesday December 11 2018, @03:26AM (2 children)

                    by coolgopher (1157) on Tuesday December 11 2018, @03:26AM (#772738)

                    support: to promote the interests or cause of
                    compliance: a disposition to yield to others

                    • (Score: 1) by khallow on Tuesday December 11 2018, @01:40PM (1 child)

                      by khallow (3766) Subscriber Badge on Tuesday December 11 2018, @01:40PM (#772846) Journal
                      In an authoritarian government, to yield to the authority promotes the interests of the authority.
                      • (Score: 2) by coolgopher on Tuesday December 11 2018, @09:18PM

                        by coolgopher (1157) on Tuesday December 11 2018, @09:18PM (#773089)

                        "support" is still associated with active agreement, versus "compliance" which is typically seen as passive or even reluctant acceptance.

                        Anyway, at this point we're splitting hairs *shrug*

      • (Score: 5, Insightful) by Whoever on Sunday December 09 2018, @07:03AM (7 children)

        by Whoever (4524) on Sunday December 09 2018, @07:03AM (#771836) Journal

        Prohibition was a failure, just like the "War on Drugs".

        Prohibition of cannabis was always driven by racism. The drug of choice for whites was traditionally alcohol, which is probably more dangerous than cannabis.

        Finally, the ridiculous laws against marijuana are going away. Those tax revenues are too enticing!

        • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @03:18PM

          by Anonymous Coward on Sunday December 09 2018, @03:18PM (#771945)

          Re: "Tax revenues are too enticing!"
          Tax-n-regulate is how we got in this mess in the first place.
          https://en.wikipedia.org/wiki/Marihuana_Tax_Act_of_1937 [wikipedia.org]
          It was a prohibition masquerading as a tax. This is explained in the Whitebread speech. You should read it, very entertaining.

          As for cannabis tax revenues, I love this warning:
          https://mjbizdaily.com/washington-state-cannabis-supply-hits-new-low-spurs-calls-change/#comment-211373 [mjbizdaily.com]

          Don't let greed interfere with personal liberty.

        • (Score: 2) by legont on Sunday December 09 2018, @04:49PM (5 children)

          by legont (4179) on Sunday December 09 2018, @04:49PM (#771981)

          Prohibition was not a failure; very far from it. Before it all Americans starting at 2 years old or earlier drunk (they started with apple "juice" than switched to apple jack, then all the way). Check the history books. While alcohol is permitted now, it is tightly regulated thanks to prohibition building the acceptance.

          I don't think cannabis prohibition was designed as racial thing either. It was designed to stop mostly white rebellion of 60s. Whites got it while blacks for various reasons did not. At this point the war on drugs became racial.

          I totally agree that cannabis should be legal, but it has to be tightly regulated. What we are going to have now is cannabis wild west for some time. This worries me. I am especially worried about how they would stop it - prohibition 3.0 - when it inevitably comes.

          --
          "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
          • (Score: -1, Troll) by Anonymous Coward on Sunday December 09 2018, @05:13PM (1 child)

            by Anonymous Coward on Sunday December 09 2018, @05:13PM (#771995)

            fuck you, you authoritarian piece of shit.

            • (Score: -1, Troll) by Anonymous Coward on Sunday December 09 2018, @07:20PM

              by Anonymous Coward on Sunday December 09 2018, @07:20PM (#772059)

              You forgot racist, ableist and sexist.

          • (Score: 0) by Anonymous Coward on Monday December 10 2018, @02:53AM

            by Anonymous Coward on Monday December 10 2018, @02:53AM (#772215)

            Prohibition in the USA did not create laws in the... entire rest of the world about alcohol. Kids used to drink beer because it was safer than drinking the water.

            Regardless, saving "the kids" is about 23rd on the list of relevant arguments for/against prohibition.

            Top 2 are:

            No. 1 reason: it takes money away from criminal cartels.

            No. 2 reason: you won't die from a fentanyl overdose (unless you want to).

            I concede all other points - sure, let's say it causes "teh gay" and "teh cancer" and "teh divorces". OK granted. You still lose.

          • (Score: 2) by dry on Monday December 10 2018, @03:25AM

            by dry (223) on Monday December 10 2018, @03:25AM (#772225) Journal

            Cannabis prohibition did start out as racial, those Mexicans used it, just like cocaine was black people and opium was oriental. When it really took off was when it threatened Hearst s new pulp paper industry as a machine had been invented to separate the fiber cheaply and hemp made better cheap paper then trees. The chemical industries didn't like it either, hemp seed oil was big business until prohibition and the promises of the cellulose left over after the fiber was separated had many promising uses.

          • (Score: 1) by khallow on Tuesday December 11 2018, @02:50AM

            by khallow (3766) Subscriber Badge on Tuesday December 11 2018, @02:50AM (#772732) Journal

            Before it all Americans starting at 2 years old or earlier drunk (they started with apple "juice" than switched to apple jack, then all the way).

            They also started with untreated water supplies.

      • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @07:53AM (2 children)

        by Anonymous Coward on Sunday December 09 2018, @07:53AM (#771845)

        Mission accomplished.

        --China

        • (Score: 1, Interesting) by Anonymous Coward on Sunday December 09 2018, @12:01PM

          by Anonymous Coward on Sunday December 09 2018, @12:01PM (#771889)

          Check Fan Bingbing's bank account balance for proof of this

        • (Score: 3, Interesting) by Gaaark on Sunday December 09 2018, @01:48PM

          by Gaaark (41) on Sunday December 09 2018, @01:48PM (#771910) Journal

          Yup.... we're all high, and China takes over.

          Most. intelligent. species. on. Earth.

          --
          --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
      • (Score: 3, Informative) by crafoo on Sunday December 09 2018, @10:24PM (1 child)

        by crafoo (6639) on Sunday December 09 2018, @10:24PM (#772109)

        meh. being stoned isn't all that great. many people want to get out and do something with the day. some CBD to sleep or a minor buzz during a vacation sunset would be pretty cool though.

        • (Score: 0) by Anonymous Coward on Monday December 10 2018, @02:57AM

          by Anonymous Coward on Monday December 10 2018, @02:57AM (#772218)

          Agreed. Here in LA, I can go to the store from 8am to 10pm any day of the week and buy a known quantity of CBD and THC. If I want to see how they affect me, I can find out myself using known doses at a time I choose and in a manner I feel comfortable with. Sure beats doing "buckets" as a kid and God only knows what was going to happen.

    • (Score: 1) by khallow on Sunday December 09 2018, @08:17AM (8 children)

      by khallow (3766) Subscriber Badge on Sunday December 09 2018, @08:17AM (#771849) Journal

      One brand makes you more womanly. One brand shows your social justice concern. One brand shows how business-savvy you are. One brand displays your support for America. One brand lets everybody know you are a metrosexual. One brand exhibits your wealth. One brand honors disabled veterans. One brand is for athletes. One brand signals that you are a lesbian.

      We fucked up.

      I have a solution - apathy. Not caring completely solves this problem. People want this. Let's allow businesses to give it to them. Save the drama for something important.

      • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @10:53AM (5 children)

        by Anonymous Coward on Sunday December 09 2018, @10:53AM (#771870)

        No, you don't solve the problem by not caring. The problem is harm to society, with many causes and effects all related. We get cancer, wasted resources, birth defects, lung disease, pot heads not caring about life... and we could judge that SWAT team raids are worse but that doesn't mean pot is harmless.

        We are only allowing this because enforcement has been expensive and violent to such a degree that legalization starts to look appealing.

        It's the same as alcohol. If banning alcohol were practical, we'd do it (we did!) and we'd save many lives. Well, it isn't practical, but that doesn't make alcohol OK.

        • (Score: 1, Interesting) by Anonymous Coward on Sunday December 09 2018, @11:41AM (3 children)

          by Anonymous Coward on Sunday December 09 2018, @11:41AM (#771879)

          What cancer and lung disease are you talking about?

          • (Score: 2) by dry on Monday December 10 2018, @03:28AM (2 children)

            by dry (223) on Monday December 10 2018, @03:28AM (#772228) Journal

            The ones that actually drop with pot use like the tobacco caused ones.
            One thing about legalization is perhaps we'll get some honest studies done.

            • (Score: 0) by Anonymous Coward on Monday December 10 2018, @09:18AM (1 child)

              by Anonymous Coward on Monday December 10 2018, @09:18AM (#772284)

              Scented holiday candles: cancer

              Burning your toast: cancer

              Campfire: cancer

              Grilling some burgers: cancer

              Tobacco: cancer

              Pot: somehow not cancer??? Really?????

              • (Score: 2) by dry on Monday December 10 2018, @03:56PM

                by dry (223) on Monday December 10 2018, @03:56PM (#772394) Journal

                There was a study (Australian?) that showed tobacco smokers who also smoked pot had less cancers then tobacco smokers who didn't smoke pot. I can't find it right now.
                As I said, we need more honest studies, not studies that are financed by the American government on the condition they find something bad. There is a lot of conflicting info out there on how harmful pot is.

        • (Score: 1) by khallow on Sunday December 09 2018, @02:14PM

          by khallow (3766) Subscriber Badge on Sunday December 09 2018, @02:14PM (#771917) Journal

          No, you don't solve the problem by not caring. The problem is harm to society, with many causes and effects all related. We get cancer, wasted resources, birth defects, lung disease, pot heads not caring about life... and we could judge that SWAT team raids are worse but that doesn't mean pot is harmless.

          It's a free society with imperfect people. People can want branded cancer. Again, it's all solved by you turning on the apathy flag.

      • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @12:35PM

        by Anonymous Coward on Sunday December 09 2018, @12:35PM (#771898)

        If Marlboro make them, they will probably all give you cancer.

      • (Score: 1) by Ethanol-fueled on Sunday December 09 2018, @09:19PM

        by Ethanol-fueled (2792) on Sunday December 09 2018, @09:19PM (#772086) Homepage

        It'll be the same way it already is -- not really based on lifestyle marketing but the desired mood/effect of the shit. Like a brand at the local dispensary that has varieties called shit like "Create," "Connect," "Invigorate," etc.

        Lifestyle marketing works for alcohol and tobacco because there is only one effect you get from each. With weed, you wouldn't want to party after smoking Indica or sleep after smoking Sativa. And of course edibles' marketing and packaging are based on flavor rather than effect.

        And there is also the homosexual option -- THC suppositories. I don't really understand why anybody would want a THC high by sticking it up their ass, because that's something that tweekers and PCP smokers do.

    • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @08:46AM

      by Anonymous Coward on Sunday December 09 2018, @08:46AM (#771853)

      I don't understand your problem. are you forbidden from growing your own? just ignore the hype. if you don't want to grow your own, then just buy the cheapest. if you don't want marijuana at all, then go on with your life and ignore this.

    • (Score: 4, Funny) by MichaelDavidCrawford on Sunday December 09 2018, @11:53AM

      by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Sunday December 09 2018, @11:53AM (#771884) Homepage Journal

      I have to find a source of bulk quantities of seeds.

      I'll fashion a sort of air rifle - maybe I could rig up a BB gun or so - then point it out the window of a van as I drive through the logging roads that are found all throughout our nation's National Forests.

      (National "Forests" are specifically for economic development, such as logging. It happens that you can camp anywhere in one, whereas camping in National Parks is permitted only at designated campsites.)

      --
      Yes I Have No Bananas. [gofundme.com]
    • (Score: 2) by Freeman on Monday December 10 2018, @08:44PM

      by Freeman (732) on Monday December 10 2018, @08:44PM (#772554) Journal

      That hasn't been a problem, since they made advertising cigarettes on television illegal.

      --
      Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
  • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @09:39AM

    by Anonymous Coward on Sunday December 09 2018, @09:39AM (#771862)

    They used to be known as Phillip Morris after all. https://en.wikipedia.org/wiki/Advancement_of_Sound_Science_Center [wikipedia.org]

  • (Score: 2) by MichaelDavidCrawford on Sunday December 09 2018, @11:50AM (4 children)

    by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Sunday December 09 2018, @11:50AM (#771883) Homepage Journal

    Quite a widespread problem is that US banks refuse to give accounts to Weed Shoppes because banks are Federally regulated.

    Yet all over Creation I read the wonderful news that weed is the Darling Of Wall Street, yet the stock market is Federally regulated as well.

    I'm going to grow some, despite being allergic to it. Not to smoke or to eat, but because I enjoy the refreshing and invigorating scent of fresh mountain air.

    One day I remarked on the aroma from a nearby meadow to my housemate at the time, and he said "Mike, come look at this".

    His central bud was the size of my forearm and closed fist.

    It happened that our landlord one day opened our garage door, intending to fetch a tool or some such. Within he found dozens of plants just tall enough to be visible over the side of our balcony, so my housemate at the time moved them all into the garage for a little while.

    "I just closed the door and walked away," my landlord told us a couple years later, when he invited all round for supper at his place.

    --
    Yes I Have No Bananas. [gofundme.com]
    • (Score: 3, Interesting) by legont on Sunday December 09 2018, @05:05PM (3 children)

      by legont (4179) on Sunday December 09 2018, @05:05PM (#771988)

      I am invested in Cannabis as well and increased the position recently. Here are my 3 reasons:

      1. Obvious. The Attorney General nut was forced out.
      2. Less obvious. We elected Democratic congress which will likely mean that any serious legislation is doomed. This will give the industry at lest 2 years or even 6 or more to establish itself. By then it should be better protected.
      3. Not obvious to most. Since bank financing of Cannabis businesses is virtually prohibited by the government, they should have a relatively low debt load. This means they will enjoy pure leverage run at some point. It also means that if/when the next crisis hits it would be less painful for them as I expect the crash to be debt related.

      It appears that Altria has similar thoughts.

      --
      "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
      • (Score: 2) by MichaelDavidCrawford on Sunday December 09 2018, @06:20PM

        by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Sunday December 09 2018, @06:20PM (#772027) Homepage Journal

        And would like to subscribe to your newsletter.

        _None_ of those had occurred to me.

        If I get any money at all from my Indiegogo, I'm going to invest a fair-sized chunk of it, not just my own money but what I expect to spend later on for my employees' salaries and the like.

        These absolutely _must_ be wise investments. What I'd really enjoy doing though is to put the lot of it on a single spin of the wheel at Vegas. But such a Vegas investment would be unwise.

        Among other things, I'm planning to buy some unimproved land in cold-climate places, then will subdivide, partially develop - install septic tanks and such - then sell to Global Warming Refugees.

        --
        Yes I Have No Bananas. [gofundme.com]
      • (Score: 2) by crafoo on Sunday December 09 2018, @10:26PM

        by crafoo (6639) on Sunday December 09 2018, @10:26PM (#772111)

        Your point #3 is pretty interesting. Banks not owning an industry top-to-bottom? What does that even look like? That will be fun to watch.

      • (Score: 2) by dry on Monday December 10 2018, @03:32AM

        by dry (223) on Monday December 10 2018, @03:32AM (#772232) Journal

        Pretty sure the Canadian banks are involved with the Canadian producers that everyone is investing in.

  • (Score: 0) by Anonymous Coward on Sunday December 09 2018, @04:11PM

    by Anonymous Coward on Sunday December 09 2018, @04:11PM (#771967)

    There were "No Marijuana" signs posted everywhere.

  • (Score: 0) by Anonymous Coward on Monday December 10 2018, @01:34AM

    by Anonymous Coward on Monday December 10 2018, @01:34AM (#772189)

    Put in an arrest warrant so that the Canucks will be forced to arrest the execs.

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