Alcohol

Illinois cannabis tax revenues outpaced alcohol tax revenues for the first time after generating $86 million during the year’s first quarter.

Canopy Growth has agreed to a distribution deal with alcohol distributor Southern Glazer’s Wine & Spirits for its line of CBD-infused beverages.

According to an online poll, 45% of U.S adults have reduced or replaced their alcohol consumption with cannabis since the pandemic started.

Canadian researchers found that 43.5 percent of patients who started using medical cannabis to mitigate harmful alcohol consumption were able to reduce the frequency of their alcohol use.

Catharine Dockery is a founding partner of Vice Ventures, a venture capital fund that focuses on verticals that other investors typically avoid.

Amid international shakeups, major alcohol distributor Constellation Brands has increased its stake in Canopy Growth Corp. by 5.1 percent, bringing its total stake in the company to 38.6 percent.

Hexo, a Canadian cannabis producer, and beer-maker Molson Coors Brewing Company have partnered for a CBD beverage joint venture in Colorado.

A recent study suggests that while cannabis use has increased among college students in states that have legalized, binge drinking of alcohol has decreased among students.

Oregon cannabis regulators have issued a statewide ban on including CBD and THC in alcoholic beverages; the ban takes effect starting January 1.

A recent investigation based on research by Cowen and Co. found that binge drinking rates in states where adult-use cannabis has been legalized have fallen 9 percent below the national average.

Regulators in the UK have banned a $2.56 million ad campaign for Dead Man’s Fingers, a hemp CBD-infused rum product from Cornish Rum Company that leaned on cannabis innuendos in its marketing strategies.

A strong majority of cannabis consumers say they prefer cannabis use to alcohol consumption; 45 percent said they would likely replace some of their drinking with cannabis in the future.