an established chain of high-end vape stores

Aggressive expansion plan is already in place that will focus on Canadian retail and US Hemp derived kiosks in high traffic areas

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Message: The Biggest Risk Factor to the Alcohol Industry is CBD, Spyder Cannabis Is Well Positioned

SPONSOR: Spyder Cannabis (SPDR:TSXV) An established chain of high-end vape stores. Aggressive expansion plan is already in place that will focus on Canadian retail and US Hemp derived kiosks in high traffic areas. Click here for more info.

  • CBD has been one of the most disruptive forces to major multi-billion-dollar industries, including alcohol.

By: Financialnewsmedia.com

PALM BEACH, Florida, Sept. 9, 2019 -  CBD has been one of the most disruptive forces to major multi-billion-dollar industries, including alcohol. In fact, big companies have been warning about this for quite some time. For example, in a 2018 Molson Coors' annual shareholder report, the company listed cannabis among the biggest possible risks to its business. "Although the ultimate impact is currently unknown, the emergence of legal cannabis in certain U.S. states and Canada may result in a shift of discretionary income away from our products or a change in consumer preferences away from beer. As a result, a shift in consumer preferences away from our products or beer or a decline in the consumption of our products could result in a material adverse effect on our business and financial results." That's just part of the reason companies like Anheuser-Busch InBev announced a partnership with Tilray to research non-alcoholic beverages infused with THC and CBD. Constellation Brands invested $4 billion in Canopy Growth Corporation. Molson Coors agreed to a joint venture with The Hydropothecary Corporation.

Read More: https://www.prnewswire.co.uk/news-releases/the-biggest-risk-factor-to-the-alcohol-industry-is-cbd-817154488.html

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