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Philip Morris Stays Out Of Cannabis - For Now

The head of Philip Morris International has said the cannabis market remains too risky for it to follow rival cigarette maker Altria by making a significant investment in the nascent sector. André Calantzopoulos, chief executive, stressed that there was a paucity of scientific data on the long-term impact of cannabis. Because international regulators were adopting different approaches to the drug, there could be logistical and reputational risks, he said. “We need better scientific understanding of [cannabis],” he told the Financial Times on the sidelines of the World Economic Forum in Davos. “We need to remember that we are operating in an international environment with different [policy] a

What's Next for Cannabis?

As cannabis users embrace concentrates, companies are isolating chemicals to make reliable products — and it’s making weed products intellec

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