Investorideas.com, an investor news resource covering hemp and cannabis stocks, just released a snapshot looking at how the craft beer industry and the CBD sector are joining forces to bring CBD infused beer to consumers. New Frontier Data estimates that overall domestic cannabis sales grew 6.7 percent in 2018, while alcohol sales grew at 5 percent year over year (source: bw166). It’s clear to see why the marrying of the two sectors is underway.
Craft beer and cannabis seem to be moving forward as more and more cannabis companies look for partnership agreements with public or private brewers to bring CBD-infused beers to market. This has come in many forms including Province Brands’ beer brewed directly from cannabis and hemp, or Michigan’s Founders Brewery which is working with CBD oil in their beers.