mo4ch:>Marlboro wants to get into pot business with legal cannabis industry booming | Mo4ch News

The owner of legendary Marlboro cigarette company, Altria, is reportedly in takeover talks with Canadian cannabis maker Cronos as slowing cigarette sales are pushing the Virginia-based firm to seek new business opportunities.“No agreement has been reached with respect to any such transaction and there can be no assurance such discussions will lead to an investment or other transaction involving the companies,” MarketWatch cites the Canadian marijuana company’s press office.Read more Cronos stock surged as much as 30 percent on the news to close at $10.74 per share, pushing the company’s market cap to nearly $2 billion.Altria, one of the world's biggest producers and marketers of tobacco, cigarettes and related products, is reportedly looking to diversify its business beyond traditional smokers. Last month, the Wall Street Journal reported that the owner of Marlboro was negotiating the acquisition of a share in electronic cigarette start-up JUUL.In late June, the Canadian government…