Corona Beer on Instagram
- Constellation Brands’ CEO Rob Sands is “extremely bullish” about the burgeoning cannabis industry.
- He defended the company’s $ 4 billion purchase of a 38% stake in Canopy Growth on a call with investors on Thursday.
- “We’re not playing defense, we’re playing offense,” Sands said.
The beverage giant behind Corona and Modelo is bullish about the future of the legal cannabis industry.
“We’ve recognized the significant opportunity that the emerging cannabis space presents as potentially one of the most significant global growth opportunities of the next decade,” Constellation Brands CEO Rob Sands told investors on Thursday.See the rest of the story at Business Insider
NOW WATCH: Medical breakthroughs we will see in the next 50 years
See Also:
- Some of the hottest companies in the booming cannabis sector are going on hiring sprees — and it shows how competition among the biggest players is ramping up
- One of the world’s largest stock brokerages is warning investors to steer clear of the ‘Wild West’ of legal marijuana stocks
- The market for marijuana-infused beverages could explode to $ 600 million in the next four years
