Bright Energy Wellness announced the launch of its line of CBD-Infused powdered drink mixes that are free from artificial sweeteners, colors and flavors.
Beverage alcohol purveyors expands into non-alcohol spirits market with latest investment
May 19, 2023
Seattle-based The Pathfinder Hemp and Root, the fermented and distilled non-alcoholic amaro, announced a strategic investment from Stoli Group, New York.
Although cannabis beverages still are a niche market, the interest in this space remains expansive as ingredient suppliers have advanced the quality of CBD, THC and hemp solutions.
US cannabis sales expected to reach $42 billion in 2026
September 13, 2022
BDSA, Louisville, Colo., announced an update of its cannabis market forecast, a five-year rolling global forecast by country, state, province, channel and category. The report projects annual global cannabis sales to grow from $30 billion in 2021 to $57 billion in 2026, a compound annual growth rate (CAGR) of almost 13%. In the United States, cannabis sales will grow from $25 billion in 2021 to $42 billion in 2026, which will make up 75% of total global cannabis sales.
Alternative Biologics, Inc., whose founders and team created Muscle Milk, developed a hemp infused energy drink: GYM WEED. Available in the U.S. market with three flavors ― Pear Pineapple, Stone Fruit and Tropical Berry ― GYM WEED provides balanced energy without the jittery, anxious feeling typically associated with energy drinks, it says.
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%.