No one saw this coming

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Altria, which owns Philip Morris USA, is buying a 45% stake in Canadian cannabis company Cronos Group 

https://www.forbes.com/sites/greatspeculations/2018/12/05/why-altria-wan...

 

This is why 5% of my retirement money is in Altria.

Well, that and the healthy dividend funded by Marlboro addicts...they also own about a quarter of Anheuser Busch Imbev, I think.

 

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ps:  Altria also got warrants that will allow it to have 55% of Cronos in the future.

Currently 5.9% dividend yield, PE under 10...meaning they have lots of cash left after paying that dividend.

Altria already navigates 50 states with different regulations.

I remember rumors circulating back in the 1970s the tobacco companies trademarked the names of strains. Panama Red, Accapulco Gold and such.

Probably just old stoner lore. 

This Altria and Cronos news will more than make up for the bitcoin losses. Cronos jumped 20% too.