News

Anheuser-Busch InBev hangs fire on cannabis move - CEO Carlos Brito - just-drinks EXCLUSIVE

Most popular

What will be Ian Curle's Edrington legacy?

'Healthy alcohol' - the trend to watch in 2019?

Interview, Pernod Ricard CEO Alex Ricard - Part I

The beer category in 2019 - just-drinks predicts

MORE

The head of Anheuser-Busch InBev has said the group is happy to watch the development of the cannabis industry from the sidelines for the time being, despite a recent move into the category from one of its North American peers.

Anheuser-Busch InBev "doesnt feel we need to do anything" for the time being in the cannabis industry

Anheuser-Busch InBev "doesn't feel we need to do anything" for the time being in the cannabis industry

The recent legalisation of cannabis in a raft of US states, along with the pending legalisation for medicinal use in Canada, prompted Constellation Brands to spend just over US$190m last year on a stake in Canopy Growth Corp. The Canadian company produces medicinal cannabis, with Constellation saying at the time that the deal formed part of its plan to "identify, meet and stay ahead" of evolving consumer trends.

Speaking exclusively to just-drinks late last week, however, A-B InBev CEO Carlos Brito distanced himself from making any immediate move into the sector. "Cannabis is something that we as a company are trying to learn more about," he told editor Olly Wehring. "It's going to be regulated, it's going to be commercialised. But, it's still a very restricted business and, in most places, it's not legal."

Brito highlighted an ongoing delay in the legislation to legalise marijuana in Canada. "They're finding lots of issues as they go along the path to legalisation," he said. "The other day, our guys in Canada were saying that some neighbours of stores preparing to sell cannabis have been saying: 'Not here.'

"In the US," he conceded, "there's a big tidal wave coming. Most people appear to be in favour of legalisation.

"We'll continue to follow it," he said. "But, for now, we don't feel we need to do anything."

Click here to read part two of just-drinks' exclusive interview with Carlos Brito


Related Content

"There are lots of trends out there that people feel beer doesn't belong in" - just-drinks meets Anh...

The Coca-Cola Co linked to cannabis drinks move - report

The Coca-Cola Co linked to cannabis drinks move - report...

Will the drinks industry have a cannabis-inspired October? - Analysis

Will the drinks industry have a cannabis-inspired October? - Analysis...

Who needs alcohol when Coca-Cola can have versatile cannabis? - Comment

Who needs alcohol when Coca-Cola can have versatile cannabis? - Comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?