TLRY - Here's Where To Buy Legal Weed While Getting A Tattoo And A Beer: New Cannabis Stores In US And More | Benzinga
It seems that Big Alcohol is not seeing Big Marijuana as a threat, but rather a profitable opportunity. Moves made by some top companies such as Molson Coors, Anheuser-Busch (NYSE:BUD) and Constellation Brands are proof. And it goes the other way around, too. Irwin D. Simon, CEO and chairman of Canadian cannabis giant Tilray Brands, Inc. (NASDAQ:TLRY) has been bullish equally on both marijuana legalization and beer.
Tilray's acquisition of eight beer and beverage brands from Anheuser-Busch made it the 5th largest craft beer business in the U.S. "I'm buying these brands too because I think there's a big opportunity in the beer business and my whole strategy is craft beer," Simon told BNN Bloomberg in last year's TV interview.
These days, smaller players in the alcohol industry are opting to venture into cannabis. As highlighted in a recent story by Green Market Report's John Schroyer, Beer World located in Greene County, upstate New York, is eyeing an opportunity to take over a legal cannabis dispensary permit. The beer distributor intends to set up a cannabis shop in a building where its beer store is located. According to the Times Union, stores won't be sharing the same entrance though, and will be run separately.
Four New Cannabis Shops In Four States
Meanwhile, cannabis sales in North America seem to be thriving, if we factor in the number of new stores that are kicking ...