RE: Early Bird9 Apr 2019 15:07
Multiple experts talked about how tobacco companies have already been in the vaporizer market for years now, so they could easily start producing vapes that use cannabis oil once they’re allowed to. “An obvious way to get in there is to simply be a producer of what is now liquid nicotine and then just incorporate CBD and THC oils to use in a vaporizer,” Shea says.
Based on the investments these companies have made and what experts are saying, it seems that tobacco companies will be getting into cannabis vaping products, cannabis cigarettes, the medical cannabis sector, producing raw cannabis and more. On one end of the scale, these companies will likely be involved in the production of cheap cannabis cigarettes that may resemble something like a pack of Marlboros. On the other end, they’ll likely also be making the fanciest, most expensive medical marijuana consumption devices. It’s clear their fingerprints will be all over the industry.
While tobacco companies are being cautious so far, they’re already investing in the cannabis space, positioning themselves to grab hold of the market as soon as they’re allowed to. It seems major changes are ahead — once legalization finally occurs.
“The kind of things that happen when you have a product being taken over by corporate interests are quite dramatic,” Glantz says.