How Juul became worth $38B

Re:How Juul became worth $38B by liampronan on Sunday December 23, 2018 @12:46PM (#18747309)

Juul was spun-off from Pax (unclear to me if Pax still owns a portion of it). And Juul's nicotine is the "big driver" of Juul's sales, not weed (as the commenter above claims)

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Re:How Juul became worth $38B by grandmczeb on Sunday December 23, 2018 @01:54PM (#18747658)

I have a friend who works at a competitor and according to him PAX still owned a majority after the spinout. Although, I tried looking it up and Philip Morris just bought a 35% stake, so this may no longer be true.

> Juul's nicotine is the "big driver" of Juul's sales, not weed

I agree, just trying to clarify that (at least at one point) the company that owns Juul also sold weed vapes.

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Re:How Juul became worth $38B by liampronan on Sunday December 23, 2018 @02:45PM (#18747917)

Ah interesting to hear, thanks! Guess it would've been a pretty big ball-drop to not continue to own a piece

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