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News analysis

Tobacco giant deepens its interest in cannabis with cash for German firm

Written by || 29th September 2022 || News analysis | GeographiesEurope Germany United Kingdom

Tobacco giant British American Tobacco (BAT) has again bet on the cannabis industry as it looks to diversify its portfolio as part of its plan to transition to a smoke-free future.

After increasing its stake in Canada’s CBD firm Organigram in April, the company has now entered the European cannabis market, leading a $37.6m investment round into Germany’s medical cannabis business Sanity.

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Tiziana Cauli

Senior reporter/health & science editor
Tiziana is an Italian journalist from Sardinia. She has worked for both international and local media in Italy, South Africa, France, Spain, the UK, Lebanon and Belgium. She also worked as a communications manager for several international NGOs in the humanitarian sector.

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