Within hours of New York state legalising cannabis for recreational use, Canopy Growth Corporation, the Canadian market leader, has made a further move into the United States.
It has agreed a large distribution deal with Southern Glazers, one of the largest alcohol wholesale distributors America.
The agreement comes hard on the heels of Canopy introducing its first CBD-infused beverage line, Qautreau, to the US market. Initially Southern Glazer’s will distribute the cannabis drink in seven states, with plans to expand that considerably in the coming months.
Significantly Constellation Brands holds a US$4 billion stake in Canopy Growth and recently revamped its US distribution so that Southern Glazers handles 70% of its wines and spirits.