The biggest spirits stories of 2018

11th January, 2019 by Nicola Carruthers

Drinks companies go to pot

In October, Canada became the second nation, after Uruguay, to legalise recreational cannabis, prompting more players in the alcohol industry to make moves into the sector.

A recent report claimed sales of cannabis­-based food and drinks in North America could hit US$4 billion by 2022.

In August 2018, Constellation Brands invested an extra US$4bn in Canopy Growth Corporation, which it first invested in 2017. Other drinks giants have been rumoured to be exploring cannabis partnerships, while distributors Southern Glazer’s and Breakthru moved into the market last year.

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