Marijuana Bet Paying Off for Alcohol Giant Constellation Brands
Employees work at a Canopy Growth Corp. facility in Smith Falls, Ontario, Canada.
Photographer: Chris Roussakis/BloombergThis article is for subscribers only.
Weed is paying off for the maker of Modelo and Corona.
The alcohol giant Constellation Brands Inc. set off a flurry of financial activity in the burgeoning cannabis industry when it announced in August that it had invested $4 billion in Canadian weed company Canopy Growth Corp.