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Why more and more Companies are betting on Cannabis Drinks
Is the U.S. finally ready to give THC drinks a shot? Some industry experts think so.
Now that people are officially smoking more cannabis than tobacco, it’s time for companies to try to make a profit off cannabis drinks. Weed-infused beverages haven’t amassed much success, mainly because THC is difficult to present in liquid form but also because the drinks tend to taste like grass.
Now, there’s a variety of brands hoping to change things by creating THC-infused drinks and providing a new and more accessible method to get high. Still, these products are in their infancy.
CNBC reports that the market is slowly getting crowded, with various companies trying to be the first to crack the formula and deliver the first successful and mainstream THC drink. “The choice for consumers was not as wide in the past but now we’ve seen dozens of companies get involved in the cannabis beverage space,” said Amanda Reiman, VP of public policy research at cannabis analytics firm New Frontier Data.
Some of the biggest beverage companies in America are getting involved in the cannabis drinks space; Pabst Blue Ribbon, Anheuser-Busch, Constellation Brands, Lagunitas Brewing Company, and Ceria are some of the biggest names on the list. PBR is selling non-alcoholic cannabis drinks containing 10mg of THC. The drinks are available in pineapple, mango, strawberry, and lemon flavors, and, since cannabis remains federally illegal, are sold online or in dispensaries located in legal states.
While cannabis drinks have been brought up in the past, some experts are calling this moment unique, and the right time for the drink to have its breakthrough. “There have been multiple false starts for anointing beverages as the next big thing,” said Keef Brands CEO Travis Tharp. “But I think we’ve gotten to a point where we are showing that the year over year growth is something that is substantial.”
As is the case with new cannabis inventions, the lack of research is a problem, resulting in a laborious process that may take years to resolve. Still, as the plant continues in popularity, people will likely try out new forms of cannabis, even if they’re not aware of the possible side effects.
© 420 Intel
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