Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something in everybody’s mind in the world practically about Coca-Cola…I’m not sure that you would want to muddy that image a little bit.” To a certain extent, that’s true.  Just look at this tweet as an example of wholesome brand image: And just like that, @alexmorgan13

The post Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock appeared first on CCN

source https://www.ccn.com/warren-buffett-cannabis-coca-cola

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