U.S. sales to reach $46 billion in 2026, firm projects
March 2, 2022
Global cannabis sales for 2022 will reach just more than $35 billion, a jump of approximately 22% compared with 2021 sales of $29 billion, according to BDSA’s most recent five-year rolling market forecast update. BDSA, Louisville, Colo., forecasts global cannabis sales will surpass $61 billion in 2026, a compound annual growth rate (CAGR) of more than 16%.
Portfolio Beverages Inc. launched Real Good Tea, a line of functionally infused teas. The new line is formulated with all-natural ingredients, including botanicals, vitamins and high-quality hemp extract, providing a blend of taste and function, the company says.
Rockstar Unplugged launch coincides with new partnership with MTV
February 1, 2022
Rockstar Energy Drink, a brand of Purchase, N.Y.-based PepsiCo, is creating a new kind of energy drink with the launch of Rockstar Unplugged. Rockstar Unplugged focuses less on providing a big hit of energy and more focus on enhancing good vibes with ingredients like hemp seed oil and B vitamins, the company says.
Cann-Ade, a cannabis-infused beverage company, launched its hemp-derived water that is flavored and colored only with organic fruit juice, the company notes.
Crisp & Crude entered the beverage market with two collections of alcohol-free, ready-to-drink (RTD) canned cocktails: Hemp + Botanical Terpenes and Botanical Terpenes.
Direct-to-consumer platform brings hemp-derived beverage line to 17 states
October 6, 2021
Truss CBD USA, a joint venture by Molson Coors Beverage Co., Chicago, and HEXO USA Inc., a subsidiary of Canada-based HEXO Corp., announced the expansion of Veryvell, a line of hemp-derived CBD and adaptogen beverages.
The Clean Beverage Co., a division of Alkaline Water Co., announced the launch of its brand new line of six natural A88CBD functional waters: Reenergize, Berry Black; Refresh, Lemon Lime; Relax, Peach Mango; Rest, Strawberry Kiwi; Relief, Grapefruit Ginger; and Resistance, Orange Tangerine.
Despite no legalization at the federal level, CBD ingredients in beverages are hitting the market fast. CBD sales in the United States grew 20% in 2020, but is a slowdown from 2019, states Euromonitor International.