There’s a lot going for Big Tobacco these days. It’s not just that tobacco boasts the best historical performance of all U.S. industries. The industry’s future seems especially bright. As marijuana gradually becomes a legal drug, Big Tobacco is ready to dominate the market.
According to the 2015 edition of Credit Suisse’s Global Investment Returns Yearbook, a dollar invested in tobacco in 1900 would have turned into $6.3 million by the end of 2014, by far the best performance of all the industries that existed at the start of the 20th century.