Acquisitions in the cannabis sector are getting red hot…
That’s because Altria (NYSE: MO) – the company that owns Phillip Morris and the Marlboro brand – plans to get into America’s #1 growth sector.
Frankly, Altria could be buying these pot stocks before the end of 2018.
Click here for my urgent briefing on the NEW Marijuana Buyout Boom.
The news broke at the Barclays Global Consumer Staples Conference. That’s where an Altria executive said…
Altria is “mindful of the possibility that cannabis’ legal status may change. We’re studying and evaluating market opportunities.”
A major acquisition or investment from Altria would be a gamechanger for pot stocks.
But it wouldn’t be the first tobacco company to enter the growth sector.
In June, Imperial Brands (London: IMB) invested in a private company named Oxford Cannabinoid Technologies.
Plus, in February Alliance One (NYSE: AOI) bought out two Canadian cannabis companies.
Altria – with a $115 billion market value and $20 billion in sales – is a major player.
What cannabis companies could Altria purchase?
This news from Altria shows that Fortune 500 companies do NOT think pot stocks are overvalued.
Frankly, U.S. federal laws are probably the only reason they haven’t already jumped in.
With $1.5 billion in cash – and easy access to the debt markets…
Altria could make a sizable investment in legal weed.
Any Altria investment could send pot stocks surging once again.
Remember that Constellation Brands (NYSE: STZ) recently invested $4 billion to buy a 50% equity stake in Canopy Growth (NYSE: CGC).
Canopy is the #1 most valuable cannabis stock – and it’s up 87% in the last month.
Plus, the $4 billion Constellation has impacted stocks across the sector.
That investment move sparked a 53% rise for a popular marijuana ETF in just 4 weeks!
Now’s the time to BUY a select group of stocks…
Before then NEW marijuana buyout boom.