Canopy Growth Corp (NYSE: CGC) has shot up more than 30% over the last 30 days – albeit most of it on the back of one announcement, but that single bit of news caused a tidal wave across the cannabis industry. CGC received a huge endorsement from Constellation Brands, an alcoholic beverage titan who owns the likes of Corona and other popular brands in the industry. Continue reading “Constellation and Canopy Growth Corp (NYSE: CGC) Bet Big on Global Cannabis”
Constellation Brands, one of the United States’ largest alcohol distributors, has taken a 9.9% stake in the Canadian cannabis firm Canopy Growth, according to a report by Jennifer Maloney and David George-Cosh in the Wall Street Journal. Canopy and Constellation say they plan to develop cannabis-infused beverages for the legal adult market.
It’s difficult to predict what the next four years will look like for cannabis users. While President-elect Trump has made a number of contradictory statements on the subject of legalization, his pick for Attorney General, Sen. Jeff Sessions, holds some radical viewpoints, once claiming, “Good people don’t smoke marijuana.” Continue reading “4 Lessons Alcohol Prohibition Should Teach Us About Cannabis”