Pernod sees no impact yet from legal cannabis but watching closely [Reuters]
Constellation Brands, Inc. (STZ)
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Source: Reuters
Pernod sees no impact yet from legal cannabis but watching closely | Reuters 2 Min Read LONDON, Feb 13 (Reuters) - Pernod Ricard, the world’s second-largest spirits maker, has not yet seen any impact from the legalization of cannabis in some parts of North America but is monitoring the situation closely, its chief executive said. Alexandre Ricard told reporters the maker of Absolut vodka and Martell cognac was looking for any impact the legalization of cannabis has on its brands but had seen none so far. “What are we going to do about it? It’s a little bit early right now to have a clear view as to the real impact cannabis may or may not have,” Ricard told a news conference on Tuesday held to discuss last week’s first-half results. Eight U.S. states, including California and Nevada, have legalized marijuana, already widely approved for medicinal use, for recreational use and some studies show consumers would buy the drug instead of alcohol if it was freely available. Rival Constellati
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