Coca-Cola ‘closely watching’ growth of cannabis in wellness drinks

National News
Coca_Cola_Cannabis_50107-159532.jpg98332978

FILE–In this Aug. 8, 2018, file photo, bottles of Coca Cola sit on a shelf in a market in Pittsburgh. The Coca-Cola Company says that it’s “closely watching” the growth of the use of a non-psychoactive element of cannabis in wellness drinks. (AP Photo/Gene J. Puskar, file)

(AP) — The Coca-Cola Company says that it’s “closely watching” the growth of the use of a non-psychoactive element of cannabis in wellness drinks.

The statement Monday came after reports that the beverage giant was in talks with a Canadian cannabis company to create a cannabidiol-infused beverage.

Coca-Cola and Aurora Cannabis Inc. both declined to confirm the reports by BNN Bloomberg.
Shares of Aurora were up nearly 17 percent on the Toronto Stock Exchange on the report.

Coca-Cola says it’s eyeing the growing market for health drinks infused with cannabidiol — or CBD — but has made no decisions.

The beverage giant’s interest is another indication of the growing acceptance of cannabis by established companies.

Spirits maker Constellation Brands bought a minority stake in a Canadian marijuana producer last year.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DON'T MISS

More Don't Miss