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Drug Policy

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fizzgig

(24,146 posts)
Sat Apr 11, 2015, 03:40 PM Apr 2015

Will Big Tobacco become Big Marijuana? [View all]

DENVER — While federal law makes their entire industry illegal, many marijuana store owners, growers and retailers fear something completely different: Big Tobacco.

Today, most legal recreational marijuana operations are small, limited to a single state and barred from ever getting large by regulators who want to keep a close eye on the fast-growing industry. But those small operators struggle to get bank loans for expansion, often produce an inconsistent product and sometimes have no idea how to balance supply and demand for their crops.

And many fear that tobacco companies, with their deep pockets, longstanding experience dealing with heavy government regulation, and relationships with generations of farmers will jump into the burgeoning marijuana market. At marijuana business conventions and in private conversations, it sometimes seems like everyone has heard a rumor about Big Tobacco getting in.

"I think there's a ton of paranoia that they're buying up warehouses and signing secret deals," said Chris Walsh, the editor of Marijuana Business Daily, an industry publication.


http://www.usatoday.com/story/money/business/2015/04/11/cigarettes-and-marijuana/70746772/

file it under "no shit" that big tobacco would want to get their fingers in this pie. however, living in colorado where microbreweries abound, i have no doubt that craft growers wouldn't pop up everywhere.
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