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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCoca-Cola is eyeing the cannabis market
The worlds largest beverage company may be the next industry giant to jump into the cannabis drinks business.
Coca-Cola says its monitoring the nascent industry and is interested in drinks infused with CBD -- the non-psychoactive ingredient in marijuana that treats pain but doesnt get you high. The Atlanta-based soft drinks maker is in talks with Canadian marijuana producer Aurora Cannabis Inc. to develop the beverages, according to a report from BNN Bloomberg Television.
We are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world, Coca-Cola spokesman Kent Landers said in an emailed statement to Bloomberg News. The space is evolving quickly. No decisions have been made at this time. Landers declined to comment on Aurora.
Pot stocks Tilray Inc., Cronos Group and Canopy Growth gained in pre-market trading Monday in response to Coca-Colas interest. Tilray jumped 6.8 percent, adding to its 40 percent gain last week; Cronos rose 3.1 percent and Canopys U.S. shares climbed 2.9 percent.
Cokes possible foray into the marijuana sector comes as beverage makers are trying to add cannabis as a trendy ingredient while their traditional businesses slow. Last month, Corona beer brewer Constellation Brands Inc. announced it will spend $3.8 billion to increase its stake in Canopy Growth Corp., the Canadian marijuana producer with a value that exceeds C$13 billion ($10 billion).
https://www.msn.com/en-us/money/companies/coca-cola-is-eyeing-the-cannabis-market/ar-BBNrPnz?li=BBnb7Kz
GeorgeGist
(25,323 posts)of cocaine in the recipe.
KT2000
(20,587 posts)and consider them like the video stores. Big corporations take over after the bugs are worked out.
dembotoz
(16,832 posts)i do not think coke would have this issue
can you imagine jeff session trying to raid coke??????
Revanchist
(1,375 posts)No need to involve marijuana in the equation