Businesses are always looking for additional runway to help grow their sales. That's key to being able to continually attract investors. The Boston Beer Company (NYSE: SAM) is an example of a business that could certainly use a boost; its net revenue during the first three months of 2022 was $430 million and declined 21% year over year.
One industry that could unlock some growth opportunities is cannabis. Although in its early stages, the marijuana market possesses some attractive potential. And Boston Beer recently announced that it has a new line of products: Cannabis-infused iced teas.
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This Top Brewer Is Entering a Volatile Growth Industry