Originally Posted by cryptop
Sorry if this is too related to the Philip Morris thread.
I fully believe that RJ Reynolds/Philip Morris/Altria as a whole is coming into the cannabis industry. Their domestic (US) sales have been falling for a time now and it would be stupid for them not to get into the industry.
However, I have seen zero proof of them going into any markets. I've heard a ton of hearsay ("RJ Reynolds offered me cash to buy my farm" , "I saw a Philip Morris GH going up in Oregon") but haven't seen mere pictures, or any secondary confirmations of this. At least in California lots of people are saying they've been offered to be bought out, but it's in the context of bragging so I'm a bit skeptical of that. I looked on the jobs board for some of the companies and see lots of tobacco vape liquid jobs, but nothing remotely concerning cannabis.
So--are they just merely acquiring companies and not rebranding to avoid scrutiny, are they buying up land/businesses and just waiting for interstate commerce, etc?
I would guess Colorado will be the first state they directly enter the market as Denver is coincidentally a popular test market for tobacco, but otherwise I have no reason to believe anything else.
They wouldn't be the 1st company run by old families to go tits up because they can't get their head around the corner.
Case in Point?
They had a mail order catalog business for a couple hundred(?) years and are now kaputsky. They had a gargantuan lead
on Amazon. Fuck on everyone
, and they continued to focus on bricks and mortar.
2. ALL Travel Agents and shops.
Look out... Expedia scoops them all up. lol
3. ALL Hotel Chains.
Airbnb sticking it to the big guys.
Kickin' the taxi industry in the balls.
5. EBGames and all the other game stores
Yo Steam.... Buddy!
6. Blockbuster et all
Netflix et all
7. Walmart and the other big box dinosaurs
Wayfair, Amazon, ebay, ....
Fuck these guys are idiots. They could have been selling pot seeds forever @$10/seed. instead they're still selling 70 carrot seeds for $1.25
I mean.... we could go on and on. Everyone a huge leader blind to the train coming their way.
Cigarette companies better move their asses. They should have been at the forefront for packaged prerolls and buds. But I suspect that train has left the station.