Breaks In Pot Taboo Open Door for Major Brand Suds 'N Buds (756 views, 0 replies)
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top expert
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<br> Beer and weed could be a good mix for companies that sell both.
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<br> Bloomberg News
<br> October 30, 2017
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<br> The decision by Corona beer seller Constellation Brands Inc. to buy a minority stake in a Canadian pot company marked the first major foray of an alcohol brand into the nascent weed industry. With the taboo now broken, other purveyors of beer, wine and spirits may look for similar opportunities in the expanding world of legal pot.
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<br> “There’s a threat on the horizon that if they don’t get into the game, they’re going to be left behind,” said Jason Zandberg, an analyst at PI Financial in Vancouver.
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<br> Constellation, based in Victor, New York, agreed to pay about C$245 million ($191 million) for a 9.9 percent stake in Canopy Growth Corp., a Canadian seller of medicinal-marijuana products. ...
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