British American Tobacco looks to expand into cannabis. Is BATS a good investment?
More on:
London Stock Exchange this week (
Kanabo and
British American Tobacco’s foray into CBD
The
FTSE 100 stalwart has been struggling in recent years as tobacco falls out of favour. Nowadays, it still sells big brand cigarettes such as
Lucky Strike and
Rothmans, but it’s also been repositioning into smoking alternatives such as vaping. Given its growing popularity, cannabis seems like the next logical step.
US$12.3 TRILLION out of thin air…
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