Deals
Molson Coors Is the Latest Beermaker to Consider Adding Buds to Suds
- Company has held talks with Canada pot companies: BNN report
- Molson ‘actively’ exploring risks and opportunities in market
Photographer: James MacDonald/Bloomberg
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Another major beermaker is looking at ways to enter the marijuana business.
Denver-based Molson Coors Brewing Co. is weighing whether to expand into the sector with Canada poised to legalize the drug for recreational use this October. The brewer is said to have held talks with several Canadian-based marijuana companies to invest and collaborate in cannabis-infused beverages in an attempt to halt declining beer sales, according to a Friday report from BNN Bloomberg, citing several unidentified people familiar with the matter.