The canned sparkling beverage brand s line of “Mood” adaptogen drinks is rolling out in 450 Target stores across the U.S., Recess CEO and Founder Ben Witte…
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Editor s note: This story is part of a series on the trends that will shape the food and beverage industry in 2021. You can find all the articles on our trendline.
There were big expectations for the cannabis-infused food and beverage space leading up to the start of last year. Venture capital investment was increasing, seasoned executives were jumping into the trendy space and established players pledged to launch products.
But 2020 was not the breakout year for cannabis that some had anticipated.
Although the industry made progress, the pandemic slowed down product development as many companies shifted focus to the coronavirus. Federal regulation also stayed in a gray area, with no further guidance and many questions around the space unanswered.