Thursday, December 20, 2018

Business: "Suds n' Budz" combo for drinks giant A-B InBev

The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market," AP reports:
  • "Anheuser-Busch InBev and Tilray Inc. said each would invest $50 million in the project to study non-alcoholic drinks containing cannabidiol, or CBD, which some claim has calming and healing affects, and THC, the cannabis compound known for its psychoactive effects."
  • "AB InBev ... said it will participate in the project through its subsidiary Labatt Breweries of Canada."
Coming attractions: "Coca-Cola, Pepsi and Guinness brewer Diageo have said they are closely watching the market for cannabis as it evolves."

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