SAM - This Top Beer Maker Is Going to Produce Cannabis Beverages This Year
The cannabis beverage market possesses some attractive growth opportunities for businesses. Analysts from Grand View Research expect that the global market will rise in value at a compounded annual growth rate of 17.8% over the next few years and be worth $2.8 billion by 2025. Getting an early position in the sector could allow businesses to benefit from strong market share later on.
Some of the world's top beer makers are already showing an interest in it, including Constellation Brands , which has partnered with Canopy Growth to produce beverages. Anheuser-Busch , known for its popular Budweiser brand, has a joint venture with Tilray . Similarly, beverage company Molson Coors has also been developing drinks with cannabis producer Hexo .
Investors can now add another big beverage company to the list, as The Boston Beer Company (NYSE: SAM) plans on producing cannabis-infused drinks before the end of this year.
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This Top Beer Maker Is Going to Produce Cannabis Beverages This Year