Constellation Brands Archives - International Cannabis Business Conference

Declining Profits Bringing Beer Companies Into the Cannabis Industry

Anthony Johnson — Fri, 07 Jun 2019 21:06:41 +0000

Recognizing the growth of the burgeoning cannabis industry is enough to bring a lot of companies, entrepreneurs, and investors into the business sector, but beer sellers have an additional reason to join-decreasing profits. The fact that their decreasing profits may be occurring directly because of legalization has many beer execs deciding that if they can’t […]

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Francis Ford Coppola Is the Latest Star to Join Cannabis Industry

Anthony Johnson — Fri, 02 Nov 2018 20:41:45 +0000

Celebrities like Willie Nelson, Tommy Chong, and Snoop Dogg, that haven’t been shy about their love of cannabis aren’t shocking too many people when they join the cannabis industry. Musician Melissa Etheridge and former NBA great Clifford Robinson have been honest about their medical use, so they weren’t too surprising either. But the Oscar-winning director […]

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CNN Business: Corporate America Invests in Cannabis Because People Want It

Anthony Johnson — Thu, 11 Oct 2018 23:20:26 +0000

With Canada legalizing cannabis nationally on October 17th and more states poised to legalize either medical or adult-use cannabis this November, we will start seeing even more major corporations make inroads into the cannabis industry. Big surprise: corporations follow the money. Already, Corona-owner Constellation Brands and Molson Coors have already announced major moves into the […]

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Forbes: Estée Lauder Joins the Cannabis Industry

Anthony Johnson — Wed, 19 Sep 2018 16:30:25 +0000

With Constellation Brands, the parent company of Corona beer and Robert Mondavi wine, Molson Coors, Scotts Miracle-Gro, biotech company Ginko Bioworks, GW Pharmaceuticals, and Coca-Cola all getting into some facet of the cannabis industry, or at least reportedly thinking about it, the mainstream brands entering the burgeoning market keep growing. Now, we can add Estée […]

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Canadian Cannabis Exchange-Traded Fund Hits $1 Billion

Anthony Johnson — Fri, 07 Sep 2018 23:20:03 +0000

Cannabis stocks, while still carrying volatile risks, have been booming recently as mainstream investors have started flocking to the sector particularly after Canada passed the Cannabis Act and with the establishment of October 17th as the first G7 nation to end marijuana prohibition. Individual stocks like Canopy Growth and Tilray (full disclosure: I own a few […]

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Business Insider: Hedge Fund Legend Invests in Cannabis

Anthony Johnson — Thu, 30 Aug 2018 16:36:07 +0000

Leon Cooperman may not be a household name, but the man labeled a “hedge fund legend” by Business Insider has a net worth of over $3 billion. And he’s the latest big investor publicly revealed as investing in the cannabis industry. Cooperman, the CEO of Omega Advisors, made a personal investment in Green Thumb Industries, as […]

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After Constellation Brands and Molson Coors, Who Is Next?

Anthony Johnson — Fri, 24 Aug 2018 23:28:22 +0000

After Constellation Brands’ mega-deal with Canopy Growth and Molson Coors team-up with Hydropothecary Corp. to work develop non-alcoholic, cannabis-infused beverages, industry observers are wondering who could be next. While there is some speculation that Big Tobacco and Big Pharma are going to make moves into the adult-use marijuana market, tobacco companies carry so much baggage after deceiving […]

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CNN Money: Cannabis Stocks Hit All-Time Highs

Anthony Johnson — Wed, 22 Aug 2018 23:23:25 +0000

First off, I must apologize, once again for the puns in the title, but it is hard to get away from using “high” when discussing cannabis stocks that are worth more than ever before. When it comes to “hit” I’m guilty as charged, as I could have used “reached” but that’s not as fun. While […]

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Wall Street Analyst: U.S. Cannabis Will Be a $47 Billion Market

Anthony Johnson — Wed, 22 Aug 2018 16:40:07 +0000

Canada, Canadian companies, and U.S. businesses utilizing Canada’s financial markets are making most of the major cannabis financial headlines these days as the Great White North marches toward legalizing on October 17th, and rightfully so. With several major businesses investing in the industry, Prime Minister Trudeau’s Liberal Party fulfilling its campaign promise to end prohibition has brought […]

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Two Cannabis Companies Listed on the Nasdaq, Who Is Better?

Anthony Johnson — Mon, 20 Aug 2018 23:24:11 +0000

Canadian cannabis company Canopy Growth, benefitting from the multi-billion dollar investment by Constellation Brands, the parent company of Corona beer company and Robert Mondavi wine, has been understandably making big financial news, but there are two competitors on the Nasdaq that deserve attention as well-Cronos Group and Tilray. In full disclosure, as I mentioned in […]

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