Live From the Epicenter of Pot’s Future
Dear Rundown Reader,
This week we had boots on the ground at one of the most exclusive marijuana events on the planet.
We’re talking the epicenter of pot’s future, and Ray Blanco’s hand-picked research team stumbled across something big. Very big.
More on this soon. For a sneak peak at what Ray’s working on, click here.
Today we look at an idea you can act on right now in the pot space.
Your Rundown for Friday, August 17, 2018…
Big Alcohol Is Big Pot’s Perfect Bedfellow
Drinkables is the NEW way to consume marijuana. Folks love them. The sheer amount of offerings now available in this niche is staggering.
Here’s a quick snapshot:
- Ceria Beverages, owned by Blue Moon brewmaster Keith Villa, is moving to remove the alcohol from beer and infuse the beverage with cannabis extracts instead.
- New Belgium Brewery is putting hops into one of its beers making it smell like cannabis, and is called the Hemperor. Hops and cannabis are biologically related.
- Coalition Brewing out of Portland has introduced a CBD beer called Two Flowers.
- Long Trail Brewing in Vermont introduced a CBD beer created with hemp honey produced at Luce Farms.
The list goes on, and the writing’s on the wall.
Constellation Brands Inc. (NYSE: STZ) recognizes this and has announced it’s ponying up $4 billion to jump into the marijuana biz.
Smart move if you ask us.
The stock has yet to pop off the news, but we think this capital investment in the marijuana industry will create a massive revenue boost for STZ.
It’s also going to serve as proof-of-concept for the rest of big alcohol.
This is only the beginning…
Now, turning to the markets this morning…
Market Rundown for Friday, August 17
S&P 500 futures are down 5.75 at 2,839.
Oil’s up slightly to $65.78.
Gold stays on sale at $1,183.
Bitcoin goes for $6,452 this morning, according to CoinDesk.
We’ll talk again on Monday. Have a great weekend.
For the Rundown,