berkshire hathaway

U.S.: Warren Buffet's Berkshire Hathaway Enters Marijuana Industry


Warren Buffet owes part of his fortune to selling ice cream, soft drinks and candy. Now, a company in Buffet's Berkshire Hathaway Inc. is turning to marijuana, reports Bloomberg News.

That subsidiary is Cubic Designs, Inc., a unit of Berkshire's MiTek business, which specializes in making platforms that maximize floor space in warehouses. Recently Cubic Designs sent fliers to marijuana dispensaries with offers to help them expand the number of plants they cultivate. The fliers say that Cubic Designs can help double their growing space and improve their profits.

AVT, Inc., a design integrator and manufacturer of high performance automated retailing systems, custom vending machines, and compliance and control mechanisms for the rapidly growing legal cannabis industry, commented on the news that Buffet's company has entered the legal marijuana industry.

As reported in Marijuana Investor News, there is a growing acceptance of marijuana. "Not too long ago, this kind of effort was unfeasible for a major corporation," the report stated. "It has become much more acceptable in the United States."

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