- Arizona Beverages and Dixie Brands, a Denver-based cannabis company, entered into a partnership last Friday for the production, distribution and sale of marijuana-infused products containing THC.
- While there are no definitive product plans yet, officials said the partnership will develop a line of vape pens and gummies before beverages, The Wall Street Journal reported, which will first launch in the U.S., followed by Canada and Latin America.
- A definitive agreement, expected within 45 days, will give Arizona a stake of up to $10 million in the weed company.
Ask someone what’s trendy in the food and beverage space and the word “cannabis” is likely not far from their lips. With such buzz around the ingredient — Euromonitor is forecasting that it will become the next big functional ingredient — it’s no wonder Arizona Beverages is the latest company to get into the game.
What’s different, however,