No Result
View All Result
Friday, December 13, 2019
MY ACCOUNT
PRO LOGIN
SUBSCRIBE
  • 🌎 Worldwide
    • πŸ‡ΊπŸ‡Έ U.S.
    • πŸ‡¨πŸ‡¦ Canada
    • πŸ‡¬πŸ‡§ United Kingdom
    • 🌏 Asia
    • 🌍 Europe
    • 🌎 Latin America
    • 🌏 Oceania and Australasia
Daily Marijuana Observer
  • Home
  • Latest
  • πŸ”’ PRO
    • πŸ”’ A.M. Watchlist
    • πŸ”’ Analyst Action
  • πŸ’Ό Business
  • πŸ“ˆ Investments
    • πŸ“ˆ Stocks
    • πŸ’° ETFs and Funds
    • πŸ’­ Market Commentary
    • πŸ“° Press Releases
    • πŸ“… Earnings Calendar
  • βš–οΈ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • πŸ‘₯ People
    • ⚽ Athletes
    • πŸ’Ό Executives
    • 🌟 Celebrities
    • πŸ›’ Consumers
    • βš•οΈ Doctors
    • πŸ’Š Patients
  • πŸ’Š Health
  • πŸ“‡ Databases
    • πŸ“ˆ Stock Databases
    • πŸ’° Fund Databases
    • πŸ’Ό Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • πŸ’² Marijuana Cryptocurrencies
No Result
View All Result
  • Home
  • Latest
  • πŸ”’ PRO
    • πŸ”’ A.M. Watchlist
    • πŸ”’ Analyst Action
  • πŸ’Ό Business
  • πŸ“ˆ Investments
    • πŸ“ˆ Stocks
    • πŸ’° ETFs and Funds
    • πŸ’­ Market Commentary
    • πŸ“° Press Releases
    • πŸ“… Earnings Calendar
  • βš–οΈ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • πŸ‘₯ People
    • ⚽ Athletes
    • πŸ’Ό Executives
    • 🌟 Celebrities
    • πŸ›’ Consumers
    • βš•οΈ Doctors
    • πŸ’Š Patients
  • πŸ’Š Health
  • πŸ“‡ Databases
    • πŸ“ˆ Stock Databases
    • πŸ’° Fund Databases
    • πŸ’Ό Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • πŸ’² Marijuana Cryptocurrencies
No Result
View All Result
Daily Marijuana Observer
No Result
View All Result
Home Business

AB InBev CEO on Legalization: “we don’t feel we need to do anything”

Jacob Ellman by Jacob Ellman
June 21, 2018
in Business, Canada, Consumers, Executives, Investments, Lifestyle, Marijuana Stocks, People, Products, United States
2
Anheuser-Busch InBev
78
SHARES
ShareShare

Anheuser-Busch InBev

 

Anheuser-Busch InBev (NYSE:BUD), the largest brewer in the world, is known for its popular beer brands ranging from Budweiser to Modelo. At the helm of this $190 billion dollar company is CEO Carlos Brito.

With a Masters of Business Administration from Stanford University, Brito is a bright guy for sure. Given his position at A-B InBev, a company with a lot to lose as cannabis legalization continues, we were shocked to hear that he’s not worried.

‘We don’t feel we need to do anything’

In a recent interview with global beverage industry news portal just-drinks, Brito was either making an honest effort to keep A-B InBev investors from worrying, or he’s completely in the dark on the cannabis industry’s impact on his business.

“We’ll continue to follow it,” A-B InBev CEO Carlos Brito said. “But, for now, we don’t feel we need to do anything.”

A recent study conducted by multiple researchers from multiple universities concluded that counties within the states that have legalized medical marijuana showed a roughly 15% reduction in monthly booze sales.

A-B InBev is late to the game

This alarming statistic shows a nearly direct correlation between cannabis legalization trends and falling alcohol sales, yet A-B InBev is still just watching. Last October however, A-B InBev competitor Constellation Brands (NYSE:STZ) (NYSE:STZB) took action in a big way.

Last fall, the Fortune 500 alcohol giant behind Corona took a 9.9% stake in Canadian marijuana producer Canopy Growth Corp. (NYSE:CGC) (TSX:WEED) for $245 million CAD, only to follow up with the purchase of an additional $200 million CAD worth of Canopy’s debt this week.

What’s A-B InBev missing?

After the move by Constellation Brands, many are wondering what A-B InBev is waiting for. With billions of dollars on the balance sheet, money isn’t the issue. So, what is A-B InBev missing?

While Brito did admit that “there’s a big tidal wave coming,” taking no action seems foolish. His less-than-a-week-old point that Canada is “finding lots of issues as they go along the path to legalization,” is already moot. Just the other day, Canada’s senate passed historic Bill C-45 to legalize and regulate recreational marijuana nationwide.

Conclusion

With October 17th, 2018 set as the first day Canadians will be able to consume cannabis recreationally without criminal penalties, maybe A-B InBev will break into action.

After all, why drink Buds when you can burn them?

Share this:

  • Click to email this to a friend (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: alcoholAnheuser-Busch InBevBudweiserCanopy Growth Corp.Carlos BritoConstellation Brands Inc.featuredjust-drinksModeloNYSE:BUDNYSE:CGCNYSE:STZNYSE:STZBTSX:WEED

Get Real-Time Updates from The Daily Marijuana Observer

Unsubscribe

Related Posts

Canopy Growth Introduces First & Free – A Line of Branded Hemp-Derived CBD Products to the U.S. Market
Investments

Canopy Growth Introduces First & Free – A Line of Branded Hemp-Derived CBD Products to the U.S. Market

December 12, 2019
Marijuana Stocks - Losers
Marijuana Stocks

5 of Today’s Biggest Marijuana Stock Losers – Tuesday, December 10, 2019

December 10, 2019
Marijuana Stocks - Gainers
Marijuana Stocks

5 of Today’s Biggest Marijuana Stock Gainers – Monday, December 9, 2019

December 9, 2019
Canopy Growth Announces David Klein as New Chief Executive Officer
Executives

Canopy Growth Announces David Klein as New Chief Executive Officer

December 9, 2019
Canopy Growth Provides Update on 2.0 Product Rollout
Investments

Canopy Growth Provides Update on 2.0 Product Rollout

December 6, 2019
Five New Tokyo Smoke Licensee Retail Locations Advance in Ontario Public Process
Canada

Five New Tokyo Smoke Licensee Retail Locations Advance in Ontario Public Process

November 28, 2019
Load More
Next Post
MediPharm Labs Closes New $38.7 Million Upsized Credit Facility with a Top 5 Canadian Schedule 1 Bank to Support Growth

Tidal Royalty Corp. Completes $30MM Equity Financing

Comments 2

  1. Pingback: Lagunitas Brewing Company Launches THC Infused Sparkling Water | The Marijuana Observer
  2. Pingback: Diageo to Follow Molson Coors and Constellation into the Cannabis Space | The Daily Marijuana Observer

Leave a Comment! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

πŸ”Ž Search Marijuana Stocks

Canopy Growth Corp. Updates

πŸ”₯ Trending

  • Walmart E-Store Now Sells CBD Products

    You Can Now Buy CBD on Walmart.com

    16 shares
    Share 6 Tweet 4
  • 5 Law Firms Launch Investigations into Aurora Cannabis Inc. for Securities Violations

    252 shares
    Share 101 Tweet 63
  • Post Malone Launches Shaboink Hemp Pre-Rolls, Announces Partnership With Icon Farms And Sherbinskis

    13 shares
    Share 5 Tweet 3
  • 2 Unilever Brands Expected to Unveil Hemp and CBD Line Extensions

    13 shares
    Share 5 Tweet 3
  • 5 Benefits of CBDβ€”Explained by a Doctor

    502 shares
    Share 201 Tweet 126

πŸ“° Recent News

  • Origin House Announces Significant Support to date for Pending Transaction with Cresco Labs
  • iAnthus Subsidiary CBD For Life Continues to Expand National Reach for Holiday Season
  • Organigram Receives Licensing for Chocolate Production and Packaging Area; Increased Production, Drying and Other Post-Harvesting Areas
  • Tilray, Inc. Completes Merger With Privateer Holdings, Inc.
  • MediPharm Labs Receives First GMP Certification, Now Permitted to Serve Global Medical Cannabis Market
Facebook Twitter Instagram LinkedIn Youtube

Memberships & Subscriptions

  • πŸ“Š Compare Free vs. PRO
  • 🧾 Register for PRO
  • πŸ”“ PRO Login
  • πŸ”’ PRO Logout

News by Region

  • πŸ‡ΊπŸ‡Έ United States
  • πŸ‡¨πŸ‡¦ Canada
  • πŸ‡¬πŸ‡§ United Kingdom
  • 🌏 Asia
  • 🌍 Europe
  • 🌎 Latin America
  • 🌏 Oceania and Australasia

Tools & Resources

  • πŸ“… Calendar
  • πŸ“Š Databases
  • πŸ“‡ Directories
  • πŸ—£οΈ Forums
  • πŸ“™ Glossary
  • πŸ”” RSS Feeds
  • πŸ“Ί Videos

Find Business Services

  • βš–οΈ Attorneys & Law Firms
  • πŸ“Š Accountants & Accounting Firms
  • πŸ’‘ Consultants & Consulting Firms
  • πŸ“² Marketing Agencies & Firms

Advertise

  • πŸ‘€ Advertise
  • πŸ“£ DMO Newswire
  • πŸ“‡ List in Our Databases

More

  • πŸ“ About MJobserver.com
  • ☎️ Contact Us
  • Affiliate Marketing Disclosure
  • Legal Disclaimer
  • Privacy Policy

Β© 2018 D.M.O. Holdings Corp. - DMOholdings.com DISCLAIMER: DMO Holdings Corp., which owns MJobserver.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

No Result
View All Result
  • Home
  • Latest
  • πŸ”’ PRO
    • πŸ”’ A.M. Watchlist
    • πŸ”’ Analyst Action
  • πŸ’Ό Business
  • πŸ“ˆ Investments
    • πŸ“ˆ Stocks
    • πŸ’° ETFs and Funds
    • πŸ’­ Market Commentary
    • πŸ“° Press Releases
    • πŸ“… Earnings Calendar
  • βš–οΈ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • πŸ‘₯ People
    • ⚽ Athletes
    • πŸ’Ό Executives
    • 🌟 Celebrities
    • πŸ›’ Consumers
    • βš•οΈ Doctors
    • πŸ’Š Patients
  • πŸ’Š Health
  • πŸ“‡ Databases
    • πŸ“ˆ Stock Databases
    • πŸ’° Fund Databases
    • πŸ’Ό Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • πŸ’² Marijuana Cryptocurrencies

Β© 2018 D.M.O. Holdings Corp. - DMOholdings.com DISCLAIMER: DMO Holdings Corp., which owns MJobserver.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.