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Tag Archives: KO

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PepsiCo joins Coca-Cola in exploring cannabis drinks

PepsiCo joins Coca-Cola in exploring cannabis drinks
The remarks come two weeks after PepsiCo's archrival Coca-Cola said it was studying "wellness beverages" that could include cannabidiol, or CBD, a non-psychoactive component in cannabis that is sold in a growing variety of consumer products. Molson Coors is also working with a Canadian company on cannabis-infused non-alcoholic beverages, while Constellation Brands has announced a hefty $4 billion investment in Canada's Canopy Growth in exchange for a 38 percent stake in Canopy.
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Cannabis-laced drinks could be a US$600M market in U.S. by 2022

Cannabis-laced drinks could be a US$600M market in U.S. by 2022
Canaccord sees the demand for beverages featuring CBD, or cannabidiol, the non-psychoactive compound in marijuana, reaching $260 million by 2022, up from the “negligible revenue” the limited number of drinks contributes now, while THC-based drinks could reach $340 million, up from $106 million expected this year.
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Breaking News – DEA Removes CBD as a Schedule 1 Drug. CBD Stocks to Watch – GW Pharma, India Globalization Capital, Inc., Tilray Inc, American Premium Water Corp

Breaking News – DEA Removes CBD as a Schedule 1 Drug. CBD Stocks to Watch – GW Pharma, India Globalization Capital, Inc., Tilray Inc, American Premium Water Corp
This news sent several CBD stocks moving to the upside including Tilray Inc, also making inroads into Pharma. On September 18th the company announced that “the U.S. Drug Enforcement Administration (DEA) has granted approval to import a cannabinoid study drug into the United States from Canada for a clinical trial at the University of California San Diego (UC San Diego) Center for Medicinal Cannabis Research (CMCR) examining its safety, tolerability and efficacy for Essential Tremor (ET).”
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Coke eyes cannabis-infused drink market

Coke eyes cannabis-infused drink market
The potential product tie-up, reported by Canadian financial channel BNN Bloomberg, could help Coke’s efforts to overcome sluggish demand for its sugar-heavy sodas by diversifying into coffee and health-focused drinks.
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