Tobacco Giant Points to , Cannabis, as the Future.
Tobacco Giant Points to , Cannabis, as the Future.
BBC News reports that the U.K.'s largest
tobacco firm says it's shifting away
from selling traditional cigarettes.
BBC News reports that the U.K.'s largest
tobacco firm says it's shifting away
from selling traditional cigarettes.
British American Tobacco (BAT) says it now
sees the company moving toward cannabis.
In March of 2021, BAT purchased a stake in Canadian medical cannabis producer Organigram.
It also started researching a new range of adult cannabis products focused on cannabidiol, or CBD.
It also started researching a new range of adult cannabis products focused on cannabidiol, or CBD.
As we think about our portfolio for the future, certainly beyond nicotine products are interesting for us as another wave of future growth, Kingsley Wheaton, British American Tobacco chief
marketing officer, via Radio 4's Today Program.
As we think about our portfolio for the future, certainly beyond nicotine products are interesting for us as another wave of future growth, Kingsley Wheaton, British American Tobacco chief
marketing officer, via Radio 4's Today Program.
I think [CBD vaping] is part
of the future, but the present
challenge is reduced harm
in tobacco and nicotine alternatives,
encouraging people to switch, Kingsley Wheaton, British American Tobacco chief
marketing officer, via Radio 4's Today Program.
I think [CBD vaping] is part
of the future, but the present
challenge is reduced harm
in tobacco and nicotine alternatives,
encouraging people to switch, Kingsley Wheaton, British American Tobacco chief
marketing officer, via Radio 4's Today Program.
According to the company's half-year results, the tobacco giant reported an 8.1% rise in revenue.
According to the company's half-year results, the tobacco giant reported an 8.1% rise in revenue.
The company says that over a third of its U.K. revenue now comes from vaping brands such as Vuse, Velo and glo.
Users of non-combustible products,
like vapes, jumped 2.6 million
to reach 16.1 million consumers.
In the same period, the company , sold 316 billion cigarettes.
In the same period, the company , sold 316 billion cigarettes.
Despite traditional tobacco continuing
to be its biggest business, the company
says it is committed to change