Aurora Cannabis up 14%, as Coca-Cola Eyes Cannabis Drink Market


 
 
11:16 09/17/2018

Coca-Cola KO  may make a move into the growing market for cannabis-infused drinks.

All as the “space is evolving quickly,” notes the company.

In fact, according to Bloomberg, Coke is in talks with cannabis produce, Aurora Cannabis ACBFF to make marijuana-infused beverages. The two are reportedly in talks to create health-focused drinks that can help ease inflammation, pain and cramping issues.

"Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world," Coca-Cola said, as quoted by CNBC. "No decisions have been made at this time," adding that it would not comment on further speculation.

This follows news that Molson Coors Brewing will make cannabis-infused drinks with Hydropthecary and after Constellation Brands invested $4 billion in. Canopy Growth.

We’re likely to hear many more stories such as this, as we near Canadian legalization of marijuana in October 2018, and a higher approval rating in the U.S.






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