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Tag Archives: Constellation

U.K. alcohol giant Diageo circling Canada for cannabis deals

The entry of Diageo (DEO.N) – which sells big-name brands like Guinness beer and Crown Royal Canadian whisky – into the cannabis market would be another milestone in the burgeoning sector that has seen other major alcohol players such as Molson Coors Brewing Co. (TAP.N 1.09%) and Constellation Brands Inc. (STZ.N 0.57%) enter the space to fend off pot from cannibalizing alcohol sales. 
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The Largest Pot Stock in the World Is Moving to the NYSE

Opening the door to legal marijuana sales should allow the Canadian pot industry to add approximately $5 billion in annual sales, when ramped up. This will come atop the revenue already being realized from medical cannabis sales and via exports to medical marijuana-legal foreign countries.
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