I guarantee you 100%, no questions asked, that it is smokeable.
It may be the foulest, most rancid, stale, dead zombie wraith of a smoke you will ever experience, more vile than Satan's nether bits, even more than the usual methuselaean tobacco ripoffs perpetrated on a gulled and witless pipe smoking populace, because it's been nesting in cardboard rather than sealed in a cutter top for nearly 80 years.
But put a match to it and it will burn and thus be smokeable.