Molson Coors considers getting into marijuana business in Canada
Company looking to invest, collaborate on cannabis-infused beverages
Denver-based Molson Coors Brewing Co. is weighing whether to expand into the sector with Canada poised to legalize the drug for recreational use this October. The brewer is said to have held talks with several Canadian-based marijuana companies to invest and collaborate in cannabis-infused beverages in an attempt to halt declining beer sales, according to a Friday report from BNN Bloomberg, citing several unidentified people familiar with the matter.
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Marlboro owner Altria invests $1.8 billion in cannabis company Cronos
Altria hopes pot is the key to help it grow beyond its stagnant cigarette business. Tobacco giant Altira is investing $1.8 billion in Canadian cannabis company Cronos Group. That will give Altria a 45% stake in the company, with an option for Altria to increase its stake to 55% over the next five years. Reports of an Altria-Cronos deal first surfaced earlier this week. The decision by Altria to go ahead with an investment in Cronos shows that Altria is serious about investing in marijuana as a new growth area as sales of traditional cigarettes slow. Altria's stock has fallen nearly 25% this year and the company is expected to report revenue growth of only about 1% this year and in 2019.
[...] Cronos and other cannabis stocks have been thrust into the spotlight in the past few months following the legalization of recreational marijuana in Canada in October, as well as legalized recreational and medical pot in several US states last month. With Democrats winning control of the US House, Congress may finally pass the Farm Bill, which would make it legal to produce hemp and potentially open the door for more products containing cannabidiol, or CBD. Many alcoholic beverage, tobacco and other consumer products companies may want to bet on cannabis. Canadian marijuana company Canopy Growth (CGC) already has received a multibillion dollar investment from Corona owner Constellation Brands (STZ). Coca-Cola (KO) was rumored to be considering an investment in Canadian cannabis company Aurora (ACB). [...] Coke's archrival Pepsi (PEP) hasn't completely ruled out a move into cannabis.
Altria's Canadian Pot Bet Is Really About the U.S.
It's official: Big Tobacco is now a player in the cannabis market. That will change the game.
Previously: Another Major Beermaker is Looking at Ways to Enter the Cannabis Business
Coca-Cola Is Eyeing the Cannabis Market
Peter Thiel's Cannabis Company Was Briefly Worth More Than Twitter
Cannabis Becomes Legal in Canada
(Score: 0) by Anonymous Coward on Wednesday June 27 2018, @08:21AM
I guess the new stuff will rather taste like tea, since we're running out of CO2 now ....
(Score: 2) by looorg on Wednesday June 27 2018, @11:29AM (1 child)
Weed and Beer .. Weer? Beed? One filling one vice, need or urge just isn't enough?
(Score: 1) by Goghit on Friday June 29 2018, @03:38AM
As that wise old sage, Freewheeling Franklin of the Fabulous Furry Freak Brothers said: "Smoking dope and drinking beer at the same time is like pissing in the wind."
(Score: 2) by LoRdTAW on Wednesday June 27 2018, @12:11PM (2 children)
Because the last thing I want are two depressants in my system at once. I have smoked and drank many a time and it just makes me pass out faster.
And his is exactly what I didn't want with legalization: the grass fuckers getting their slimy fingers in the weed market trying to reinvent it. News flash fuckers, we'd rather you jump off an overpass into traffic than buy your shitty weed branded products. I can't wait for the over amped bro/urban shit like axe weed body spray and green red bull cannabis cans all over the fucking streets.
(Score: 2) by Immerman on Wednesday June 27 2018, @03:00PM
I know several cannabis smokers who really only drink much while smoking - the combination is a very different experience than either alone. Of course, if you're the sort of person who drinks until they pass out, then yeah, I can totally see how it wouldn't appeal to you. Also. I'd suggest you consider toning it down a bit - you're doing some serious cumulative brain and liver damage at those levels of alcohol poisoning. In fact you're probably much better off passing out faster, since cannabis amplifies the psychological effects of alcohol but not the damage done by it.
Now personally I'm not a big fan of the idea of blended products either - though I might try cannabeer out of curiosity - cannabis is a close relative of hops after all, with many of the same psychoactive components in addition to the THC, CBD, and many other hemp-specific compounds.
(Score: 0) by Anonymous Coward on Wednesday June 27 2018, @03:00PM
Oh god u baby
(Score: 2) by Farkus888 on Wednesday June 27 2018, @12:14PM (1 child)
I have hemperor in my fridge now. Bought at the local gas station and I'm not even in a weed state.
(Score: 2) by aclarke on Wednesday June 27 2018, @02:07PM
I've never heard of that. It sounds interesting and as it has no THC in it it should be as available as any other beer.
(Score: 2) by aclarke on Wednesday June 27 2018, @02:04PM (5 children)
Maybe they should just make better beer. I'm not really sure why people buy and drink that stuff. I'm lucky to have an awesome brewery in our local town of 8000, but almost anything else (including not drinking beer) is better than most of the stuff that comes out of the big breweries.
(Score: 0) by Anonymous Coward on Wednesday June 27 2018, @02:58PM (1 child)
http://www.molsoncoors.com/en/brands [molsoncoors.com]
They actually make flavorful beers but they keep their primary "drinkability" brands as distinct as possible to avoid angering beer snobs. American pilsner beers make a ton of money because the manufacturing processes have had decades of cost cutting refinements and the lighter beers are favored by alcoholics who are the largest consumers of alcoholic beverages.
Seriously check out that list it might surprise you. They've built their portfolio so that no matter your tastes they have products to sell to you. I imagine that their weed beer will be on the thick and fancy side, I doubt they want to encourage anyone to drink a whole 6 pack in one sitting, even then it's going to be a hot seller next economic downturn as edibles will keep you stoned all afternoon and into the evening.
(Score: 2) by Runaway1956 on Wednesday June 27 2018, @03:06PM
Informative link. You do have to enter some fake birthdate to enter - make sure it's more than 21 summers ago. Then, you have this stupid bottom banner.
Just ignore that banner thing. I'm navigating the site. You can't dismiss it, unless you accept the cookies. If I wanted cookies, I would have gone to the grocery store. I didn't go to a beer store to get cookies.
(Score: 2) by Runaway1956 on Wednesday June 27 2018, @03:01PM (2 children)
Agreed. Almost everything made in the US is a pilsener. Some pilseners are better than others, but I've never drank one that I really like. An ice cold pilsener on a hot summer day, when you've just got out of the sun - yeah. That's the time when an American beer tastes great. Any other time, almost everything else tastes better. Almost anything. Whoever invented fortified wines should be hanged, repeatedly.
(Score: 3, Informative) by AthanasiusKircher on Wednesday June 27 2018, @05:20PM
What's wrong with a decent dry sherry? I'll admit the standard mass produced cream cherries can be pretty awful, but that's not true of all. And a decent port can be great with dessert. Certainly better than most of the Moscato crap everyone suddenly discovered recently. (Not all Moscato is crap, but a lot of the popular stuff now is pretty awful.)
(Score: 2) by PartTimeZombie on Thursday June 28 2018, @01:30AM
I was with you until that crack against fortified wine.
A good dry sherry is great with cheese, as is a decent port, and reasonable ports are usually not that expensive, where I live anyway.
I agree about pilsener though. However I am sure if I went to Pilsen I could find lots of slightly different, really nice brews. Those Czechs love their beer.
(Score: 3, Interesting) by HiThere on Wednesday June 27 2018, @05:53PM
I have heard it asserted that if you graft the tops of hops plants onto the roots of marijuana, that you get a hops "that will get you high". I heard that it was being done by some folks in Oregon in a move to hide their crops from the narcs.
Now this was decades ago, and I only heard it as a rumor. But for some reason this article brought it back to mind.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
(Score: -1, Troll) by Anonymous Coward on Wednesday June 27 2018, @10:07PM (1 child)
druggies/hippiewannabes.
(Score: 0) by Anonymous Coward on Thursday June 28 2018, @12:29AM
alcoholics beating their wife/macho man wannabes