Marlboro Maker' Evaluating Opportunities' In Cannabis Industry

Altria Group, one of the largest tobacco companies in North America, is assessing its market opportunities in the cannabis industry.

The entry of Altria – owner of Marlboro maker Philip Morris USA and an investor in alcohol giant Anheuser-Busch InBev – would be another major milestone for the marijuana sector, coming on the heels of Constellation Brands’ bombshell investment in Canopy Growth last month.

"Cannabis remains illegal under federal law, and we intend to continue to comply with federal law,” Murray Garnick, executive vice president at Altria, said during a fireside chat at the Barclays 2018 Global Consumer Staples Conference.

But the company is also “mindful of the possibility” that cannabis’ legal status may change, he noted. “We’re studying and evaluating market opportunities,” Garnick said.

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