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With legal weed comes the potential for a new craft beverage industry

With legal weed comes the potential for a new craft beverage industry
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Cannabis Beverages Market Size To Expand At 17.8% CAGR By 2025, Owing To Increase In Sale Of Cannabis-Infused Drinks

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FELTON, Calif., March 15, 2021 /PRNewswire/ The global cannabis beverages market is estimated to reach USD 2.8 billion, by 2025, and is projected to grow at a CAGR of 17.8% from 2019 to 2025, according to a new report by Million Insights. The cannabis beverage market is heavily fragmented due to the presence of medium and small-scale companies. Many companies are present in Canada where cannabis is legal to use for medical applications. The increasing sale of cannabis-infused drinks is expected to boost the demand for the product.
The growing popularity of health and wellness beverages is also projected to contribute to market growth. Moreover, alcohol manufacturers are also investing high in developing cannabis infused products. For example, Heineken has launched Hi-Fi Hops in the California beer label category with added infused Tetrahydrocannabinol (THC) and cannabidiol (CBD) which is available with zero carbohydrates and calo ....

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Cannabis Beverages Market Latest Innovations, Drivers and Industry Key Events 2019 – 2025: Grand View Research Inc.

Cannabis Beverages Market Latest Innovations, Drivers and Industry Key Events 2019 – 2025: Grand View Research Inc.
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THC-Infused Tonics Find Their Place in Cannabis Beverage Market in 2020

THC-Infused Tonics Find Their Place in Cannabis Beverage Market in 2020
Cannabis-infused beverages may only represent a small portion of the overall legal market in the U.S. and Canada now, but there are several reasons to believe that may change, and quickly.
Several companies from cannabis giants like Canopy Growth and Acreage Holdings to historic, household brands like Pabst Blue Ribbon (PBR) have placed their bets on cannabis-infused beverages, announcing releases (or plans to) in Q4 2020.
In the case of PBR, which agreed to allow the independently operated Pabst Labs to use its brand for its new THC-based drink, the company and many others are fueling a growing niche within the cannabis beverage niche–THC-infused tonics. ....

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Cannabis Beverages Market Latest Innovations, Drivers and Industry Key Events 2019 – 2025: Grand View Research Inc.

Cannabis Beverages Market Latest Innovations, Drivers and Industry Key Events 2019 – 2025: Grand View Research Inc.
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