Regulations may keep tobacco companies from entering marijuana market

Global Business

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.

CCTV America’s Hendrik Sybrandy reports.

Director of professional relations for the University of Colorado Hospital Ben Cort joined Biz Asia America for more on this topic.