Obstacles may keep Big Tobacco from entering marijuana market

August 25, 2014

Chinese Central Television

Marijuana is expected to be an $8 billion industry by 2018, which may encourage tobacco companies to enter the market.

But marijuana industry spokesman Mike Elliott doubts tobacco firms will want — or even be able to meet — Colorado’s extensive marijuana regulations, which include a two-year state residency requirement.

Twenty U.S. states have marijuana laws on their books currently, but the product remains illegal at the federal level.

Daniels College of Business professor Mac Clouse talks about the banking difficulties facing Big Tobacco.