Coca-Cola: Currently planning no entry into the cannabis market
In contrast to other beverage companies, the US industry giant Coca-Cola wants to stay away from the booming cannabis market for the time being. "We currently have no plans to enter this market," said CEO James Quincey at a conference call with financial analysts on Tuesday. In September, US media had reported that Coca-Cola was in talks with the major Canadian marijuana producer Aurora. A spokesman for the soft drink giant did not want to confirm this at the time, but said the market for cannabidiol (CBD) was being closely watched.

Photo by Paul Gaudriault on Unsplash
CBD is also derived from hemp plants, but unlike the much better known active ingredient THC (tetrahydrocannabinol), it is hardly psychoactive and does not cause "high". It is used more for medical and care purposes and, in the course of legalisation in Canada and many US states, is developing into a new hope for the marijuana industry. According to the spokesperson, Coca-Cola was interested in CBD as an ingredient for "wellness" drinks. Other beverage multinationals - in particular breweries and spirits companies - are already mixing in the cannabis business./hbr/DP/he (dpa)
Most read news
Other news from the department business & finance

Get the food & beverage industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.