Word recently surfaced that tobacco giant Philip Morris has agreed to purchase the Israeli cannabis company Syqe Medical for an impressive $650 million, contingent upon certain future events.
While the two companies have some history together, this new deal is reportedly linked to Philip Morris’ interest in acquiring Syqe’s pharmaceutical-grade, metered-dose inhaler, which delivers precise doses of medical cannabis to patients.
It’s worth noting that this isn’t the first instance of big tobacco investing in the cannabis sector. As MJBizDaily reported, tobacco companies made significant investments in cannabis in 2018, with Altria Group investing $1.8 billion in the Canadian company Cronos Group, and in 2019, when Imperial Brands invested $123 million Canadian dollars in Auxly Cannabis Group. This recent development, however, prompts the question: Will this time be different?
Vaped cannabis delivery products will continue to thrive
In 2020 and 2021, vape products accounted for 28.1% of sales in the U.S. cannabis market, second only to pre-rolls and nearly 10% higher than overall cannabis sales in California, Colorado, Michigan, Nevada, Oregon, and Washington combined.
In 2022, vape cartridge sales surpassed $2.8 billion, representing 23% of the entire cannabis market. Since 2018, sales of these products have surged by 172%.
It doesn’t take a genius to realise that Philip Morris has been closely monitoring trends in the cannabis industry. The figures above, combined with the news of the Philip Morris/Syqe deal, confirm that vape products are here to stay and are likely to soon dominate the industry.
Indeed, some projections estimate the vaped medical cannabis market will be valued at $22 billion within the next 10 to 15 years.
1.8 million brits seek medicinal cannabis through illegal channels
Is this a sign that congress will re-schedule rather than de-schedule?
Following President Biden’s October 2022 announcement about pardoning federal convictions for simple marijuana possession and directing the Department of Health and Human Services to review the scheduling of marijuana under federal law, many in the cannabis industry, including us, began to wonder if the federal government would de-schedule marijuana from the Controlled Substances Act (CSA) or re-schedule it, keeping it within the CSA’s framework.
Although far from definitive, the Philip Morris/Syqe deal might indicate that re-scheduling is on the horizon – or at least that’s the intel Philip Morris has received.
In addition to Syqe’s inhaler product likely enticing Philip Morris to the negotiating table, $530 million of the $650 million deal hinges on Syqe securing U.S. FDA approval for its inhaler following clinical trials.
As we speculated in earlier blog posts, re-scheduling marijuana will probably involve much more FDA red tape and compliance than de-scheduling. Philip Morris may be getting a head start in this respect and signaling what’s to come.
Why is 420 associated with weed/cannabis?
Big tobacco is willing to pay big and is optimistic about the cannabis industry’s future
Many investors are diving into the cannabis industry with the hope of earning massive returns on investment (ROIs) once marijuana is federally legalised and big players from tobacco, pharma, and the alcohol industry acquire state and multi-state operators.
The Philip Morris/Syqe deal should only strengthen these hopes. While we wouldn’t advise buying that dream mountain or beach home just yet, it’s clear that these other industries are betting big on the future of cannabis in the United States. Wheels up!
Disclaimer: The information provided on this page is for educational purposes only and should not be considered medical advice. Always consult with a healthcare professional before using any THC product.
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£55.00 – £235.00|0.00071438 – 0.00305237
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£35.00 – £250.00|0.00045461 – 0.00324720
This product has multiple variants. The options may be chosen on the product page
£49.95|0.00064879
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£45.00 – £205.00|0.00058450 – 0.00266270
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£49.95 – £169.95|0.00064879 – 0.00220745
This product has multiple variants. The options may be chosen on the product page
£55.00 – £229.95|0.00071438 – 0.00298678
This product has multiple variants. The options may be chosen on the product page
£28.00|0.00036369
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£449.95|0.00584431
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£149.95|0.00194767
This product has multiple variants. The options may be chosen on the product page
£25.00 – £169.95|0.00032472 – 0.00220745
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£42.00 – £280.00|0.00054553 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£449.95|0.00584431
This product has multiple variants. The options may be chosen on the product page
£50.00 – £210.00|0.00064944 – 0.00272765
This product has multiple variants. The options may be chosen on the product page
£100.00 – £280.00|0.00129888 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£80.00 – £360.00|0.00103910 – 0.00467597
This product has multiple variants. The options may be chosen on the product page
£49.95|0.00064879
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£45.00 – £205.00|0.00058450 – 0.00266270
This product has multiple variants. The options may be chosen on the product page
£25.00 – £169.95|0.00032472 – 0.00220745
This product has multiple variants. The options may be chosen on the product page
£60.00 – £300.00|0.00077933 – 0.00389664
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£55.00 – £229.95|0.00071438 – 0.00298678
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£449.95|0.00584431
This product has multiple variants. The options may be chosen on the product page
£42.00 – £280.00|0.00054553 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£35.00 – £175.00|0.00045461 – 0.00227304
This product has multiple variants. The options may be chosen on the product page
£100.00 – £280.00|0.00129888 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£35.00 – £175.00|0.00045461 – 0.00227304
This product has multiple variants. The options may be chosen on the product page
£35.00 – £175.00|0.00045461 – 0.00227304
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£80.00 – £360.00|0.00103910 – 0.00467597
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£55.00 – £229.95|0.00071438 – 0.00298678
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£100.00 – £280.00|0.00129888 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£100.00 – £280.00|0.00129888 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£80.00 – £360.00|0.00103910 – 0.00467597
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£50.00|0.00064944
This product has multiple variants. The options may be chosen on the product page
£35.00 – £250.00|0.00045461 – 0.00324720
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£40.00 – £180.00|0.00051955 – 0.00233798
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£50.00 – £210.00|0.00064944 – 0.00272765
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£55.00 – £160.00|0.00071438 – 0.00207821
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£35.00 – £200.00|0.00045461 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£50.00 – £210.00|0.00064944 – 0.00272765
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£150.00|0.00194832
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£42.00 – £280.00|0.00054553 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£49.95|0.00064879
This product has multiple variants. The options may be chosen on the product page
£449.95|0.00584431
This product has multiple variants. The options may be chosen on the product page
£35.00 – £175.00|0.00045461 – 0.00227304
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£35.00 – £250.00|0.00045461 – 0.00324720
This product has multiple variants. The options may be chosen on the product page
£75.00 – £205.00|0.00097416 – 0.00266270
This product has multiple variants. The options may be chosen on the product page
£55.00 – £229.95|0.00071438 – 0.00298678
This product has multiple variants. The options may be chosen on the product page
£50.00 – £230.00|0.00064944 – 0.00298742
This product has multiple variants. The options may be chosen on the product page
£42.00 – £280.00|0.00054553 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£35.00 – £175.00|0.00045461 – 0.00227304
This product has multiple variants. The options may be chosen on the product page
£49.95|0.00064879
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£80.00 – £360.00|0.00103910 – 0.00467597
This product has multiple variants. The options may be chosen on the product page
£35.00 – £175.00|0.00045461 – 0.00227304
This product has multiple variants. The options may be chosen on the product page
£22.00|0.00028575
This product has multiple variants. The options may be chosen on the product page
£80.00 – £360.00|0.00103910 – 0.00467597
This product has multiple variants. The options may be chosen on the product page
£21.95|0.00028510
This product has multiple variants. The options may be chosen on the product page
£40.00 – £200.00|0.00051955 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£35.00 – £250.00|0.00045461 – 0.00324720
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£65.00 – £120.00|0.00084427 – 0.00155866
This product has multiple variants. The options may be chosen on the product page
£75.00 – £335.00|0.00097416 – 0.00435125
This product has multiple variants. The options may be chosen on the product page
£45.00 – £205.00|0.00058450 – 0.00266270
This product has multiple variants. The options may be chosen on the product page
£210.00 Original price was: £210.00.£99.95Current price is: £99.95.|0.00129823 – 0.00129823
This product has multiple variants. The options may be chosen on the product page
£50.00|0.00064944
This product has multiple variants. The options may be chosen on the product page
£45.00 – £225.00|0.00058450 – 0.00292248
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£40.00 – £180.00|0.00051955 – 0.00233798
This product has multiple variants. The options may be chosen on the product page
£449.95|0.00584431
This product has multiple variants. The options may be chosen on the product page
£45.00 – £185.00|0.00058450 – 0.00240293
This product has multiple variants. The options may be chosen on the product page
£449.95 Original price was: £449.95.£425.00Current price is: £425.00.|0.00552024 – 0.00552024
This product has multiple variants. The options may be chosen on the product page
£34.95|0.00045396
This product has multiple variants. The options may be chosen on the product page
£42.00 – £280.00|0.00054553 – 0.00363686
This product has multiple variants. The options may be chosen on the product page
£50.00 – £200.00|0.00064944 – 0.00259776
This product has multiple variants. The options may be chosen on the product page
£30.00 – £130.00|0.00038966 – 0.00168854
This product has multiple variants. The options may be chosen on the product page
£50.00 – £170.00|0.00064944 – 0.00220810
This product has multiple variants. The options may be chosen on the product page
£449.95|0.00584431
This product has multiple variants. The options may be chosen on the product page
View All
