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Coca-Cola Is No Longer Interested in Cannabis Drinks

2018-10-31 6 Dailymotion

Coca-Cola Is No <br />Longer Interested <br />in Cannabis Drinks Last month, the company teased the <br />possibility of getting into the pot market <br />via cannabis-infused beverages. Rumors also circulated <br />that Coke was considering <br />investing in the Canadian <br />cannabis company Aurora. Now, CEO James Quincey said the company "doesn't have any plans at this stage" to utilize the non-psychoactive cannabis compound, CBD. Though Coca-Cola has seemingly <br />bowed out of the cannabis market, <br />competitor Pepsi hasn't ruled it out. Pepsi CFO Hugh Johnston said, "it's fair to say we <br />look at everything," but investing in CBD would <br />be a "considerable challenge," according to CNN. Marijuana remains illegal on a federal level in the U.S. It is legal in nine states and Washington D.C. Many beer, spirit and tobacco makers are still up to <br />the challenge of breaking into the cannabis market.

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