Global consumer spending on cannabis will hit US$32 billion by 2022, triple current levels, according to a report this week by USA research firms Arcview Market Research and BDS Analytics. "As we look around the world, we're going to be expanding production, we're going to be doing more research, we're going to develop more intellectual property, we're going to create more leading brands, we're going to have more products and we're going to be way more global".
Constellation Brands Inc., marketer of Corona beer and Kim Crawford wines, is pumping $5-billion into Canopy Growth Corp.to accelerate the Canadian cannabis company's global expansion plans.
Constellation, Molson Coors and Anheuser-Busch are all using the move by the United States' northern neighbor to hedge their bets for the future at a time when beer sales, roughly 60 percent of Constellation's business, are stagnating, particularly with younger Americans.
Now, makers of alcoholic beverages are trying to add cannabis as an edgy ingredient as their traditional business slows.
Also on Wednesday, Canopy reported a net loss $91-million, or 40 cents a share for its fiscal first quarter of 2019, as it made large investments ahead of Canadian legalization. Heineken's Lagunitas craft-brewing label has launched a brand specializing in nonalcoholic drinks infused with THC, the active ingredient in marijuana.
The U.S., where cannabis is legal for medical or recreational use in several states but remains illegal at the federal level, is the "best market" and will become "federally legal sooner than people think", he said.
Canada's largest cannabis company has announced they have closed the biggest deal in the history of the legal cannabis industry.
Constellation Brands acquired a minority stake in Canopy past year for US$191m, announcing its intention to create cannabis-infused drinks.
This transaction also provides further (and needed) affirmation that big alcohol and multi-national CPG's are committed to the cannabis sector for the long term.
Nicki Minaj accused of stabbing ex-boyfriend Safaree Samuels
Samuels promptly responded to the accusations by saying she should "let all that ish go". "Nobody even talks about that anymore". On Tuesday afternoon, Safaree Samuels claimed that Nicki Minaj had once cut him with a knife, and that he "almost died".
Kevin De Bruyne suffers "knee ligament" injury in training
Manchester City star Kevin De Bruyne has suffered a knee injury during training and looks set for a spell on the sidelines. And The Times report that De Bruyne himself had a worrying reaction after he picked up the injury in training.
DeAndre Hopkins kicked out of practice for fight
The latest dustup came Wednesday in Houston , where a brawl broke out in the aftermath of a DeAndre Hopkins-Jimmie Ward scuffle. Hopkins was sent to the Texans' practice bubble, while Ward was sent to the sideline, according to the Houston Chronicle .
Linton said Wednesday the money would largely be used to position the licensed producer for global expansion opportunities as cannabis becomes legal in new regions.
Canopy, based in Smiths Falls, Ontario, has specialized in the medical product and doesn't now have operations south of the border.
Canopy Growth was founded in 2013 and has a presence in 11 countries.
The 30-year-old fly-half was on the island with his club Gloucester for a training camp with Jersey Reds. The incident happened at a venue in the St Helier area of Jersey in the early hours of Wednesday morning.
Symptoms develop between six and 19 days after infection, and include a runny nose, cough, sore eyes, a fever and a rash. In one in 15 cases, measles can cause life-threatening complications including pneumonia, convulsions and encephalitis.
Gunfire rang out on the set of 50 Cent and Tekashi 6ix 9ine's Brooklyn video shoot Tuesday night (Aug. 14). Earlier this year, someone fired shots at Chief Keef, who was beefing with Tekashi at the time.
The brunette is also a reporter for ITN where she produces, scripts, edits and presents news and entertainment bulletins. Vick started on Capital Breakfast in May this year after working at Capital Xtra.
The Portuguese manager had warned United's board the club could face a "difficult season" if the squad was not improved. Barcelona have ruled out a move for Manchester United star Paul Pogba - for now.
The United States and Turkey also have diverging interests over Syria, which is enmeshed in a protracted civil war. Meanwhile, Turkey has also decided reject a US appeal calling for the release of an imprisoned American pastor.
Among the songs, Ariana and James sang "Just Dance" by Lady Gaga , "Steal My Girl" by One Direction and "Bye Bye Bye" by NSYNC . It starts with Styx's "Sailing", there's a snippet of Hall and Oates' "Rich Girl", and Kesha's "Timber" makes an appearance.
Because they take so long to go over, there can be significant delays between the scan and treatment. Medical practitioners now use optical coherence tomography (OCT) to diagnose various eye conditions.
I'm not afraid to fight any man in any backyard. "People may say I'm arrogant but I am because I'm the best". Speaking with The Telegraph, Fury made the absurd claim that he's the greatest heavyweight of all time.
Did Donald Trump use the N-word?
Manigault Newman has been associated with Trump for more than a decade. You always in private talk to me about him, you love him very much.
‘Touch the sun': NASA spacecraft hurtles toward our star
NASA's Parker Solar Probe is on its way for a rendezvous with the Sun. " Parker Solar Probe would be just 4cm away from the Sun". It will study the sun as never before, giving us clues into how and why our closest star behaves the way it does.
Train season tickets to rise by up to £100
The rail fare increase now means that a season ticket from London to Birmingham will be nearly £3,000 more expensive than in 2010. This covers about 40 per cent of tickets, including off-peak returns on longer journeys, season tickets and anytime fares.
Agent receiver Dez Bryant set to visit Browns camp
Former Pro Bowler Josh Gordon has been absent so that he can focus on his health, and the team doesn't know when he'll be back. Browns GM John Doresy announced to reporters last week that he was waiting for a call from Bryant.
Alonso will not compete in F1 next year
During this period, he scored back-to-back titles in 2005 and 2006, at the time making him the youngest ever world champion. Twice a Monaco Grand Prix victor , he is only missing Indianapolis 500 success.
Schalke could sign 22-year-old from Chelsea FC on loan
Maurizio Sarri has given Chelsea the green light to offload midfielder Danny Drinkwater before the end of the month, reports say. He told his followers on Instagram: 'Wishing my Chelsea family the best this season! "He's very young.
Vigil held at Detroit church for Aretha Franklin
At this time, Franklin's exact condition remains unknown, but she's reportedly in hospice care surrounded by her loved ones. Various sources have described Franklin as being seriously ill, and she recently cancelled shows due to ill health.
Aerosmith announces Las Vegas residency
The rock band announced Wednesday that " Aerosmith: Deuces are Wild " would kick off April 6, 2019, at the Park Theater, where Lady Gaga will launch her residency in December.