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Altria Group Inc. (MO $63.59)
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Philip Morris International Inc (PM $167.47)
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British American Tobacco p.l.c. (BTI $56.51)
Q: With more and more US states moving to legalize marijuana I feel it is just a matter of time before that is done at the federal level. I have a large position in these 3 names. I assume they will shift from big tobacco to big marijuana once it is legalized. I think there is big growth potential here. Would you agree with that assessment? Would there be something that could stop this from happening ie government not allowing these big players to dominate that industry?