Pepsi Looking Into Cannabis Beverages
PepsiCo’s Chief Financial Officer Hugh Johnston has announced that the company is looking into the possibility of developing and releasing cannabis-infused beverages.
“I think we’ll look at it critically”, Johnston told Jim Cramer and Sara Eisen last week on CNBC’s Squawk on the Street, noting that he’s “not prepared to share any plans that we may have in the space right now”.
Johnston’s announcement doesn’t mark the first time a major beverage producer has hinted at making cannabis or CBD-infused drinks, with some actually taking action to do so. For example, earlier this year Constellation, the producers of Corona beer, took an addition $4 billion stake in the Canadian cannabis company Canopy Growth, following up on a previous investment in October.
Last month Coca-Cola said it’s “closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages”.