CBD Beverages--Possible Next Big Disruptor in the Drinks Industry
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: PR Newswire
DENVER, March 20, 2019 /PRNewswire/ --Drinks infused with cannabis-derived cannabidiol (CBD) are in a prime position to bring disruption to the beverage sector.The growing consumer interest in hemp-derived CBD as a health supplement along with the recent passing of the Farm Bill has spawned a growing interest in CBD-infused drinks. The ever-increasing global trend to legalizing cannabis is also creating demand for "harder" beverages derived from marijuana Big alcohol companies have taken a particular interest in investing in cannabis producers. The relationship is also working in an inverse direction, with CBD producers recruiting experienced beverage executives to help launch new products.Corporate interest in building a cannabis-infused beverage profile demonstrates the level of potential growth for such an industry, with key developments being made across multiple channels. To address the needs of the wellness-oriented consumer, Phivida Holdings Inc. (CSE:VIDA) (OTC:PHVAF) (PHVAF P
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