Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
In fact, the 2018 midterm elections could be pivotal for the legalization of cannabidiol, commonly known as CBD, a component of the cannabis plant that is not psychoactive and widely used in medical marijuana products, Sands said.
"We expect [CBD] to become legalized potentially as soon as shortly after this election because there's a provision in the farm bill that will actually legalize CBD, the non-psychoactive component," Sands told "Mad Money" host in an exclusive interview.
Sands, whose alcohol distributor boasts popular brands including Corona and Modelo, said Constellation will work with Canopy on non-alcoholic cannabis drinks that resemble beer, champagne, spirits, water and tea.
"I think you'll see a lot of beverages introduced, probably non-alcoholic or in, I would say, most cases, non-alcoholic, to take advantage of at least the CBD legalization," the CEO said.
And while products containing tetrahydrocannabinol, or THC, could still be several years out from hitting U.S. shelves, Sands said the political scene was becoming more accepting to the idea of what could be a several hundred-billion-dollar industry.
"THC-containing cannabis, that's going to be some time off, but I would say that the political front is developing very quickly there," he told Cramer. "In the United States, we believe that it's an inevitability that cannabis will be decriminalized at the federal level. And, as we already know, a lot of states have legalized it recreationally."
Beyond that, Constellation's stake in Canopy allows the beverage producer to "play in" international markets that have moved faster on cannabis legalization than the United States, Sands said.
"You shouldn't lose sight of the international opportunity. There's huge countries — UK is looking at medical legalization. Germany has already legalized medical marijuana," the CEO said. "These are all places, given our Canopy investment, that we can play in. We think it's important to be able to play in all channels and in all segments, not just beverages and not just recreational."
Shares of Constellation Brands surged 5.38 percent on Thursday after the company well above Wall Street's expectations and raised its full-year forecast. The stock settled at $222.10 a share.