The Latest Beverage Company Considering a Move into Cannabis Market
Consumer interest in CBD has exploded just over the last two years.
In fact, according to a Rabobank report, CBD has been entering food and beverage products – beer, coffee, jelly beans – at an “astounding pace.” And while CBD does remain illegal in foods and beverages on a national level, the market appears poised for even more product launches.
These States Could Legalize Recreational Cannabis Next
Cannabis is growing like a weed throughout the U.S.
Just days ago, Illinois voted in favor of House Bill 1438, which would legalize recreational cannabis in the state by January 1, 2020. The bill would allow adults 21 and over to buy and possess up to 30 grams of cannabis. This is now the 11thstate to approve its use.
Two Cannabis Stocks that Could Move to a Major Exchange in 2019
The cannabis story has taken on a life of its own.
In 2018, Canada legalized its recreational use. Corporate America began investing in major cannabis companies. More U.S. states approved its recreational or medicinal use. The U.S. FDA approved its very first cannabis-derived drug. On top of that, an estimated 64 million Americans have tried some form of CBD in the last 24 months, with nearly one out of seven using the compound every day, according to a Consumer Reports survey.
Why the Top Athletes in the World are Pushing for Changes to CBD Rules
It’s not just the NFL that may be changing its tune with cannabis.
The UFC just announced that it partnered with Aurora Cannabis (ACB) in a multi-year, multi-million-dollar global partnership that could advance clinical research on CBD products, athlete wellness and recovery.
US FDA Ruling on CBD Could be a Big Catalyst for Cannabis
All eyes are on the U.S. FDA with key hearings seeking information on cannabis with an aim of creating a regulatory framework for CBD.
“The public hearing will give stakeholders an opportunity to provide the FDA with additional input relevant to the agency's regulatory strategy related to existing products, as well as the lawful pathways by which appropriate products containing cannabis or cannabis-derived compounds can be marketed, and how we can make these legal pathways more predictable and efficient,” said the FDA. “We hope to gain additional information and data for the FDA to consider with respect to products containing cannabis and cannabis-derived compounds, including CBD.”
Three of the Top Cannabis Stocks to Watch in 2019
The marijuana story is growing like a weed.
Not only do 61% of Americans now support legalization, states are moving to legalize it with hopes for significant new revenue stream. Canada just legalized its use in October 2018. Corporate America has woken up to the opportunity, too.
That being the case, here are the top three pot stocks watch for the next decade.
Why Top Billionaires Bought Aurora Cannabis (ACB)
Apparently, there’s still considerable interest in cannabis stocks, like Aurora Cannabis (ACB) among billionaires. At least, that’s what money managers just told us. Just days ago, money managers filed their 13F reports with the U.S. SEC, revealing their latest transaction as of March 31, 2019.
Essentially, we’re given a look under the hood as to what funds were up to in the first quarter.
Big Beverage Brands that May Make Moves with Cannabis in 2019
More U.S. states are legalizing its recreational or medicinal use. Corporate America is using CBD and hemp oil in everything from lotions and pain balm to beverages. President Trump signed the 2018 Farm Bill into law. Even better, according to Arcview Market Researcher and BDS Analytics, global spending on cannabis is expected to rocket 38% this year to $16.9 billion up from $12.2 billion in 2018.
Even the beverage market has seen a substantial impact.
For example, Constellation Brands partnered with Canopy Growth Corporation. New Age Beverages is producing and distributing a new line of Marley+ CBD drinks, , including Mellow Mood, a relaxation tea with CBD. Anheuser-Busch InBev announced a partnership with Tilray to research non-alcoholic beverages infused with THC and CBD. Heineken subsidiary Lagunitas even just partnered with cannabis company AbsoluteXtracts.