Weed companies making more money selling beer than cannabis

THC beverages on sale in Norwalk, Connecticut. (Image: Joe Buglewicz, Bloomberg)

Sun, 15 Sep 2024

By Redd BrownA long-awaited easing in US cannabis laws (known as 'rescheduling') is still at least months away, leaving in place suffocating restrictions on sales due to marijuana’s classification alongside drugs including LSD and heroin. That’s led cannabis companies to find other businesses, including alcohol and hemp, undercutting boasts like Tilray’s in its debut 2019 filing that it would capture spending from brewers, distillers and wineries.“Cannabis operators in the US are doing everything they can to...

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