Cannabis-infused food and drinks are hitting the niche market for medical and recreational consumers. Vertical and Form Factory have partnered up to drive a series of brand launches in California over the coming months - with plans to expand further over...
THC-infused soft drink company California Dreamin’ is expanding distribution across California following its success within an exclusive Silicon Valley accelerator this summer.
Molson Coors Canada and Canadian cannabis producer The Hydropothecary Corporation are to form a joint venture focusing on non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.
Stillwater Ingredients launched a non-psychoactive CBD in three formats at the IFT expo this month: a liquid concentrate, a powder and a spray adhesion.
Los Angeles-based Right On Brands, makers of cannabinoid (CBD) flavored Endo Water, has partnered with distributor Statewide Beverage Company to expand its reach in California, riding the growth of CBD consumer products.
LGC Capital, Creso Pharma, and Baltic Beer Company have formed a joint venture company, CLV Frontier Brands, which aims to develop a full beverage portfolio using cannabis terpene blends and hemp ingredients worldwide, starting with beer.
Constellation Brands reported strong performance of its beer portfolio with net sales increasing 7.8% in Q3 2018 as its Mexican import brands have claimed four of the top share gainer positions in the total US beer category.
Consumption of alcoholic drinks has been largely static in recent years whereas the use of cannabis is growing and will continue to expand, offering a commercial opportunity for the alcohol industry in North America, according to Euromonitor analysts.
Investment will help Constellation ‘stay ahead of evolving consumer trends’
Cannabis-infused tea products sales have more than tripled in US states where recreational cannabis use is legal (Colorado, Washington, and Oregon), according to BDS Analytics.
Somatik, a cannabis cold brew coffee company, has finished its accelerator program with Gateway Works and founder Chris Schroeder now hopes to move into the recreational cannabis space as the edibles industry becomes more mainstream.
Valued at approximately $7bn and still growing, the legalized cannabis industry in the US should no longer be considered a fleeting fad by the alcohol industry which has been largely resistant to its rising popularity.
Despite the regulatory haze that clouds the picture of hemp ingredients, innovation continues at an unrestrained pace. In the latest development, early stage company Lexaria says it has developed a liposomal delivery system to boost the bioavailability...
Telling a story is important for any brand – even more so when trying to market hemp juice and overcome pre-conceptions about cannabis, according to Sana Hemp Juice.
Canna Energy says it has sold around 150,000 cans of its hemp oil infused energy drink in its first 100 days and is hot on the heels of Red Bull and Monster in terms of sell-through in many Colorado locations.