Corona Parent Company Invests in Cannabis
Big business is making inroads into the cannabis industry. An earlier blog of ours likened setting up under a California cannabis microbusiness license to that of a microbrewery (you can read that here); apparently beer and cannabis are joining forces on many different levels, though comparison and acquisition are two completely different things.
Constellation Brands, a company that owns not only Corona, but Modelo, Pacifico, Svedka, among others, reportedly paid $190 million dollars for a 10% stake in Canopy Growth corporation, a company gearing up to sell recreational cannabis in Canada.
Is this a small preview of the future to come when/if marijuana becomes legal in the states? Only time will tell.
Read more here