Constellation Brands Acquires Minority Stake in Canada Cannabis Business

Alcoholic beverage marketer and producer Constellation Brands is crossing over to the recreational marijuana business. 

The "Wall Street Journal" reports Constellation has purchased nearly ten percent of the Canadian marijuana company Canopy Growth Corporation.  

The two companies will work on creating cannabis-infused beverages for the Canadian marketplace.  

Canada is expected to legalize recreational marijuana use next year.  The company will not sell Marijuana based products in the U.S. until it's legalized at the federal level.


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