Molson Coors Beverages Co. (NYSE: TAP) decided to pull out of two joint ventures, one with cannabis company HEXO Corp. (NYSE: HEXO) and the other with La Colombe Coffee Roasters.

What Happened?

The multinational drink and brewing company and HEXO put an end to Truss CBD USA after over two years of collaborating due to uncertainty around federal legalization of cannabis, reported Inside Beer.

“Not every project or innovation will meet our ambitions," said Pete Marino, Molson Coors’ president of emerging growth. "What’s important is that we learn from each and build capabilities that will serve us …

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