This article was originally published on The Fresh Toast and appears here with permission.
Alcohol companies continue to take stakes in marijuana companies expanding their role in helping you relax/chill/dance
The good news is soon when you can kick back and consume marijuana you can still be supporting your favorite beer company. The trend of alcohol companies jumping into the marijuana industry continues (with one major exception) and makes sense. Legal cannabis sales (recreational and medical) were roughly $11 billion in 2022, roughly falling between the sales of Starbucks ($13 billion) and Subway ($10 billion). Recent study shows it is about a 10th of size of the beer market and less than half the size of the …