Virginia tobacco giant adds hemp to its lobbying activity
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics October 30, 2019 MJ Shareholders 0
Virginia tobacco giant Altria has added hemp policy to its lobbying activities, spending roughly $60,000 this year to lobby the U.S. Congress and U.S. Department of Agriculture on “matters pertaining to hemp and crop insurance.”
The lobbying, first reported by Cannabis Wire, marks an initial lobbying effort related to hemp by the parent company of Philip Morris USA.
The tobacco company’s disclosure does not say what the company is pushing for when it comes to hemp and how it is insured.
Atria joined the cannabis industry earlier this year when it invested about $1.8 billion in Ontario-based cannabis producer Cronos Group, taking a 45% stake in what so far is the largest investment by a tobacco company in the cannabis space.
To read Altria’s hemp-lobbying disclosure form, click here.
Subscribe to our Newsletter
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.