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As one of the largest holding companies in the adult consumer products sector, Altria has decades of experience in regulatory, government affairs, compliance, product development and brand management that we expect to leverage, particularly as new markets for cannabis open around the world. The $1.8 billion investment about C$2.4 billion is the industrys first Big Tobacco investment, but several major alcohol companies have already injected money into the cannabis space

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Secondly, minimising smoking uptake is a priority from a societal and public health perspective, and is necessary to achieve and sustain a Smokefree Aotearoa for all peoples