Heineken-owned Lagunitas began a THC-infused sparkling water in California, Investor’s Business Daily reports.
Cowen & Co. analyst Vivien Azer argued that more alcoholic beverage companies could make deals with Canadian marijuana growers after seeing Diageo making moves into the space.
“We expect more alcoholic beverage companies to announce deals with Canadian LPs over the course of the year,” Azer said in a note.
The greater interest for cannabis began after recreational legalization in Canada was approved by lawmakers in June – the new law is set to begin on October 17. Many observers hope the legalization may be the start of further easing tax laws in other countries.
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