Coca-Cola is eyeing the CBD Beverage Market Reports recently surfaced that the Coca-Cola company is looking into CBD-infused drinks, but the company recently posted a statement it has "no interest in marijuana or cannabis."
According to CBS news, Coca-Cola met with Canadian cannabis company Aurora Cannabis about developing drinks infused with Cannabidiol, or CBD - the non-psychoactive compound found in marijuana.
A spokesperson for the Coca-Cola company said, “Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world.”
On Monday, Coca-Cola released this statement:
"We have no interest in marijuana or cannabis. Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world. The space is evolving quickly. No decisions have been made at this time."
CBD oil, which has become popular for pain relief and anxiety in recent years, has become a very profitable industry, with farmers making more than $100,000 an acre growing hemp plants.
https://www.bloomberg.com/news/articles/2018-09-17/coca-cola-eyes-cannabis-market-in-push-beyond-sluggish-sodas
Also reported News on $HIPH as The Farm Bill is slated to federally legalize hemp & CBD within days:
https://globenewswire.com/news-release/2018/09/17/1571869/0/en/BREAKING-NEWS-2018-Farm-Bill-About-to-Pass-Legalization-of-Hemp-and-CBD-could-grow-consumer-market-to-22-Billion.html
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