Corona is about to Buy Its Way into Marijuana Constellation Brands, This Distribution That Owns Corona Is Reportedly Planning to Work with Canopy Growth Corporation, the world’s largest publicly traded Cannabis Company, to market and sell cannabis-infused beverages.
Constellation will pay $191 million for a 9.9% stake in the cannabis company. Constellation’s president and CEO is making the move in anticipation of nationwide legalization in the U.S.
California is set to legalize marijuana in 2018 and constellation is banking on the rest of the country following its lead for now though, constellation will only sell to countries where marijuana is legal for recreational purposes
Reference: http://www.esquire.com/food-drink/drinks/a13132921/constellation-invests-in-cannabis-company/