Anonymous asked Alan Brochstein, 10/31/2017 10:16:51 AM
  • Unclassified

What do you think of Constellation Brands decision to buy a minority stake in a Canadian cannabis company?

Does it foreshadow more to come? 

1 Answer, 0 Replies
10/31/2017 11:33:08 AM,
Alan Brochstein replied:

I think that it tells us that Canada is the global leader and that the alcohol industry is very interested in particpating in the cannabis industry growth. Cannabis products will likely slow the growth of beer and alcohol and even take share over time as they become improved (rapid onset, low dose) and available. It's a real validation of the legitimacy of our industry to see this transaction.