I am not receiving compensation for it (other than from Seeking Alpha). Designed by an Israel-based inventor named Youssef Raichman, two patents were first filed prior to Altria’s Cronos investment. Instead, users, medical or recreational, might be vaping lab-derived THC or altered, enhanced cannabis “products.”, “In general, the material containing the active ingredient is described herein as being a plant material,” the patent application for “Smoking Device” reads. Altria Group Inc. shares rose Monday after the tobacco giant said it has reached a deal with privately held Swiss company Burger Sohne Holding AG that … To report a factual error in this article. Altria could be waiting until the regulatory landscape shifts before making a more direct foray into the cannabis industry with a branded vaporizer. US: Philip Morris and Altria Face ITC Investigations In April, BAT announced it was suing its competitor Philip Morris International Inc (PMI) in the United States and Germany, alleging that the tobacco heating technology used in PMI’s HnB device IQOS, had infringed its patents. (Other inventors who may have created similar technologies can register their opposition to the Patent Office to block Altria’s patent. The spread between the dividend yield for MO and the 10-year Treasury rate continues near record highs and is now at 7.6%. Product needs to be grown, processed, distributed and sold within each state. The … Earlier in the year, when Altria pulled its guidance for 2020, we had some reservations about the level of dividend safety. This leads to inconsistency. The company is also the current owner on two older vaporizer patents from the same inventor filed earlier and acquired through a sale, a company spokesman said. Windows XP Source Code Leaked By Apparent Bill Gates…, It’s probably not the biggest security issue that Microsoft is…, Proof of concept exploit for the Windows Zerologon vulnerability as…, Gore-Tex technology inventor Robert W. Gore dies at 83, Robert W. Gore, the inventor of Gore-Tex who turned the…, Apple pays $288,000 to white-hat hackers who had run…, Nick Wright. Compare the best online brokers for cannabis stock. I am not receiving compensation for it (other than from Seeking Alpha).
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And the most recent drop happened after Sept. 9 when Altria re-affirmed its FY 2020 guidance. One of the patent applications notes a “three-stage heating process [that] has been described primarily with respect to using cannabis as the plant material.”. NYSE, NASDAQ, OTC, Canada and even ETFs. Altria is now the official applicant for both, according to the US Patent and Trademark Office. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images), “It would make sense that [Altria] would seek patents for dosing and other medical applications, as it would help them gain any regulatory approval where applicable in the future,” said Dominick Volpini, vice president of Cloudious 9, a California-based company that makes vaporizers.
“Working with a truly viable non-tobacco and non-nicotine dip alternative is an opportunity I couldn't pass up. Parnas did point out that the vaporizer devices the company is attempting to patent are plant “agnostic”—and could be used to vaporize anything, such as loose-leaf tobacco, even if the device descriptions specifically mentions cannabis, as is the case in Altria’s most recent patent applications. E-cigarette Market 2020-2024: Key Highlights. Altria Group Inc., British American Tobacco Plc, Imperial Brands Plc, Japan Tobacco Inc., JUUL Labs Inc., Nicopure Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd., and Turning Point Brands Inc. are some of the major market participants. The biggest risk to Altria is that cash strapped states will impose higher taxes on cigarette sales. Download a Free Sample Report on COVID-19 Impacts. DigitalMunition is designed to help Auditors, Pentesters & Security Experts to keep their ethical hacking oriented toolbox up-to-date . E-cigarette Market 2020-2024: Segmentation. Founded in 2016, the brand has steadily grown its retail presence to over 5,000 stores throughout the United States. In late February of this year, Altria, the parent company of cigarette brands including Marlboro and Parliament, filed two patent applications for vaporizer devices specifically designed for cannabis, according to United States Patent and Trademark Office filings. Experts contacted for this article say the patents show how Altria is considering a more direct play in the marijuana market, and may be preparing for a future in which cannabis is a federal Food and Drug Administration-regulated commodity—just like tobacco. An executive at Altria Group Inc. (NYSE:MO), the parent company of tobacco giant Phillip Morris, has left the industry for “greener” pastures. Check out the best CBD softgels online in 2020 and try one for yourself!
Published on October 2nd, 2020 | 5493 Views ⚑.
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