Colorado-based Molson Coors Plans To Sell Cannabis-infused Drinks In Canada As Legalization Looms
Molson Coors will attempt to sell pot-infused drinks in Canada, where consumable marijuana will soon become legal.
Molson Coors Brewing Co. is based in Colorado, which along with Washington, were the first states to legalize recreational use of marijuana. Recreational marijuana becomes legal in Canada in October, but consumable forms of the drug will be legal there in 2019.
The brewer said Wednesday that its Canadian division will partner with the Canadian cannabis producer The Hydropothecary Corp. to develop a non-alcoholic drink containing marijuana.
Molson Coors Canada will hold a 57.5 percent controlling stake in the stand-alone joint venture. Hydropothecary will own the remaining ownership interest.
The deal is expected to close before the end of September.
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