MW: Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry

warehouse deal.© Wave Break Media Ltd jpg

© Wave Break Media Ltd

By Alessandro Pasetti

08/12/2018

MarketWatch reports: “Marijuana companies and legacy businesses are playing a proverbial game of speed dating right now, according to a top cannabis executive who managed to land an attractive partner. Cronos Group Chief Executive Mike Gorenstein said in a telephone interview Friday that the $1.8 billion deal announced earlier in the day with Philip Morris parent company Altria Group is just the start for his company, as well as for the industry.”

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