After rumors had been swirling for months, Altria Group (NYSE:MO) finally made its move, announcing today that it is investing $1.8 billion in marijuana stock Cronos Group(NASDAQ:CRON). The investment by Altria — maker of top cigarette brands including Marlboro — gives it exposure to…
The $820 Million U.S. Hemp Industry Is Going Mainstream in 2019
The U.S. hemp industry generated $820 million in sales in 2017 and is on the verge of skyrocketing. By 2022, U.S. hemp-based product sales are expected to more than double to $1.9 billion. That means you’re going to see the…
Banking Fears Have Put Billions of Dollars in Weed Profits in Limbo… Until Now
Think about the last time you ran out for a bottle of wine or stopped someplace after work for a few groceries: Did you have to swing by an ATM first? Did you make sure you had plenty of cash…
This “Feedback Loop” Shows Why Bitcoin Prices Are Only Going Up
Bitcoin prices have taken a beating over the last month. Since Nov. 6, the cryptocurrency’s price has fallen more than 43% as investors fled the coin’s recent volatility. The recent drop has prompted a flurry of doomsday prophesies, with some…
Why Aurora Cannabis, Canopy Growth Corp., and Cronos Group Are Sinking Today
Canadian pot stocks appear to be in for a particularly rough day today. As proof, shares of Aurora Cannabis (NYSE:ACB), Canopy Growth Corporation (NYSE:CGC), and Cronos Group(NASDAQ:CRON) all fell by at least 10% in pre-market trading this morning. What’s the driving force behind this latest widespread…
Is Cronos Group (CRON) Stock a Strong Buy?
Shares of Canadian pot grower and distributor Cronos Group (NASDAQ:CRON) have been on fire this week, thanks to Altria‘s (NYSE:MO) reported interest in either buying the company outright or perhaps striking a partnership agreement that could include a sizable equity investment. Altria is the largest American…
