Monday 16 September, 2019

Coca-Cola looking at cannabis health drink

Coca-Cola says it's eyeing the growing market for health drinks infused with cannabidiol -- or CBD -- but has made no decisions.

Coca-Cola says it's eyeing the growing market for health drinks infused with cannabidiol -- or CBD -- but has made no decisions.

The Coca-Cola Company says it's "closely watching" the growth of the use of a non-psychoactive element of cannabis in wellness drinks.

The statement came on Monday after reports that the beverage giant was in talks with a Canadian cannabis company to create a cannabidiol-infused beverage.

Coca-Cola and Aurora Cannabis Inc. both declined to confirm the reports by BNN Bloomberg.

Shares of Aurora were up nearly 17 percent on the Toronto Stock Exchange on the report.

Coca-Cola says it's eyeing the growing market for health drinks infused with cannabidiol -- or CBD -- but has made no decisions.

The beverage giant's interest is another indication of the growing acceptance of cannabis by established companies.

Spirits maker Constellation Brands bought a minority stake in a Canadian marijuana producer last year.

 

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