One of the largest tobacco companies in North America, Altria Group - which owns Philip Morris USA, best known for their manufacture of Marlboro cigarettes - has agreed to invest $1.8 billion USD ($2.4 billion Canadian dollars) into Cronos Group, based in Ontario. The investment marks the largest … Read more about Big Tobacco Moving Into Cannabis Market
Northern Trust has begun a massive operation to expand its blockchain and cryptocurrency offerings across multiple divisions. This marks one of the first forays into blockchain and cryptocurrency by a traditional financial institution. Northern Trust, a 129-year old company with nearly $10.7 … Read more about Has Northern Trust Killed the Big Four??
Colorado Governor John Hickenlooper has vetoed a bill that would have allowed publicly traded companies to invest in cannabis businesses. The bill, HB18-1011, or "Marijuana Business Allow Publicly Traded Owners," would have repealed a provision that prohibits publicly traded entities from holding a … Read more about CO Gov Vetoes Publicly Traded Contributions to Cannabis Companies