Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisors to explore debt restructuring options,...Retailread more
Earlier this week, a lawyer said Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had "improper sexual contact" with at least one woman under the...Politicsread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
The legalization of recreational marijuana in Canada will mean new opportunities for cannabis businesses — and that could include pot-infused beverages, Canopy Growth founder, Chairman and CEO Bruce Linton told CNBC on Wednesday.
Canopy Growth, a Canadian cannabis producer and the first purely marijuana-focused stock to list on a U.S. exchange, has garnered support from Constellation Brands, the alcohol giant behind Corona and Modelo, which took a 9.9 percent stake in Canopy's business last fall.
And when recreational marijuana becomes fully legal in Canada this October, Canopy and Constellation may start working on what could be the next trend in weed: marijuana-infused beverages.
"We expect we’ll be able to make beverages and those beverages will be no calorie, they will cause you to feel upbeat," Linton said in an interview with "Mad Money " host Jim Cramer, maintaining that there were "no guarantees" in this plan. "We’re talking about going into a bar and having a tweed and tonic."
Just like Red Bull, the tweed and tonic could be a "category creator" in the world of weed, Linton told Cramer. He added that the prospective beverages would be zero-calorie and have up to 80 potential mixtures of different cannabinoids.
The beverages, which would serve to boost Constellation Brands' exposure to the Canadian market, would also be targeted to two different audiences: those who want to relax after a busy day and those who want some energy before a night out, the CEO said.
"We are, in the second half of 2019, going to be able to introduce a bunch of new products ... that will allow us to compete better with the illicit market, because part of the public policy isn’t just to make it legal, it’s to squeeze out the illegal," Linton said.
"In Canada, what’s happening is the disruptor happens when a real product hits the market in a really structured way and people can make lawful choices," he continued. "Do I want to fall asleep using Ambien or do I want to fall asleep through this one from the clinical trial from Canopy? Do I want to have a beverage that has alcohol or do I want to have a beverage with cannabis?”
Canopy Growth's stock settled at $29.59 a share on Wednesday, up 1.82 percent.