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According to a new study by Fact.MR, the global sales of cannabis infused drinks will surpass US$ 200 Mn in 2019.
While the legalization of marijuana in over 10 states of the U.S. sparked a wave of innovative product launches in the edibles space, the second wave of recreational marijuana legalization resulted in a lawful emergence and proliferation of cannabis infused beverages – alcoholic and non-alcoholic.Beer companies have already infiltrated the cannabis industry, with leading brewers investing millions to leverage the first-mover advantage, meanwhile banking on their anticipation of a nationwide legalization of cannabis in the foreseeable future.
The study finds that cannabis infused beer leads the way, accounting for nearly 70% sales of ‘alcoholic’ category.
Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global cannabis infused drinks market.Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=3383For large beverage manufacturers, the push into cannabis initiated by the fear of missing out; and the current boom in pot investment by leading beverage companies is driven by the already trending shift of millennials from the usual wine or cocktails to cannabis-infused beverages, beer in particular.
