Will Big Tobacco become Big Marijuana?
Rhiannon Griffith-Bowman smokes an e-cigarette in San Rafael, Calif. Some pot entrepreneurs worry that tobacco companies want to make moves on their turf.(Photo: Justin Sullivan/Getty Images)
DENVER – While federal law makes their entire industry illegal, many marijuana store owners, growers and retailers fear something completely different: Big Tobacco.
Today, most legal recreational marijuana operations are small, limited to a single state and barred from ever getting large by regulators who want to keep a close eye on the fast-growing industry.
But those small operators struggle to get bank loans for expansion, often produce an inconsistent product, and sometimes have no idea how to balance supply and demand for their crops.
And many fear that tobacco companies, with their deep pockets, long-standing experience dealing with heavy government regulation, and relationships with generations of farmers will jump into the burgeoning marijuana market.
“I think there’s a ton of paranoia that they’re...
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