December 12, 2014

Wall Street Firm Urges Big Tobacco To Get Into Marijuana Industry

December 12, 2014
tobacco cigarettes marijuana cannabis

tobacco cigarettes marijuana cannabisFor a very long time marijuana advocates have thought that the tobacco industry would try to get into the marijuana industry. It’s something that I don’t personally support at all. The tobacco industry has used shady tactics to get people hooked on their product, and has gone to great lengths to target children. Tobacco has killed millions of people over the decades, and there is simply no place for them in the marijuana industry as far as I’m concerned. A prominent Wall Street firm has been strongly urging tobacco companies to take a hard look at the marijuana industry. Per Marijuana Business Daily:

The esteemed Wall Street firm RBC Capital Markets apparently has some advice for major tobacco companies: Start thinking about marijuana, because it’s probably not going anywhere.

That’s the gist of a research note that was being circulated and wound up in the hands of Business Insider. The RBC analyst who wrote the memo pointed out several political factors that suggest marijuana legalization isn’t just a fluke, but an ongoing trend that’s likely here to stay.

“We believe it is only a matter of time until investors start asking questions about how it (marijuana) will fit into the bigger picture,” the memo reads. “And while every tobacco company management we have spoken to on this topic has been unwilling to discuss it, we believe full federal legalization of marijuana in the US would likely lead tobacco companies to reconsider this space.”

I would never, ever buy marijuana from a tobacco company. Not only do I not like corporate marijuana, I would call for a straight out boycott of tobacco company marijuana. Tobacco companies have been a plague on American society and beyond. If/when tobacco companies enter the marijuana industry, I urge you to not support them either.

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