Mugglehead believes the cannabis industry will look very different a year from now. By next year, edibles - including beverages - will likely be one of the biggest sellers in retail outlets, just as they are south of the border.
Meanwhile, with hemp-derived cannabidiol (CBD) now being permitted federally, the U.S. market could also see a whole new wave of cannabis products.
And that means this year could be a big one for cannabis edibles and beverages.
So there's no better time than the present for a primer on some of the bigger names in the space. ....
Canopy Growth Corp (TSX:WEED)(NYSE:CGC)
It's impossible to talk about beverages and not mention one of the leaders in the space, Canopy Growth.
The cannabis company put beverages on the radar when it announced a big investment from Constellation Brands, Inc., one of the largest distributors of beer in the world.
Recently, Constellation Brands increased its investment in Canopy Growth, with an option to take a controlling interest.
There are some big advantages that Canopy Growth will get from this partnership.
Not only will it be able to tap into Constellation's expertise, but its vast distribution network as well.
If cannabis gets legalized in the U.S., Canopy Growth will have a big advantage over its peers as a result.
Furthermore, Canopy Growth just received a license in the State of New York to produce hemp earlier this year.
This would open the door for any hemp-based beverages to be sold in the State.
Although the passing of the U.S. Farm Bill opened a big door for the industry, individual States still have to have their plans for regulating and licensing hemp approved by the U.S. Department of Agriculture.
As a result, it may take some time before we see any hemp-based beverages hitting store shelves, but the starting line is definitely within sight.
The original post, with videos and pictures, can be found here: https://mugglehead.com/cannabis-beverages-4-stocks-that-could-dominate-the-space/