In 2024 Minor Cannabinoids And THC Beverages Expected To Boom: Industry Experts Look At Coming Year In Cannabis
Portfolio Pulse from Nina Zdinjak
Despite no federal legalization of marijuana or approval of the SAFE Banking Act, optimism persists in the cannabis industry. Experts predict 2024 could bring significant changes, including potential rescheduling of cannabis and advancements in minor cannabinoids and marijuana beverages. Industry leaders emphasize the importance of scalable solutions and cost management. Political dynamics may influence progress, with predictions of reclassification efforts and increased M&A activities. The cannabis sector is also expected to impact alcohol sales, with a projected increase in cannabis users and a decrease in alcohol consumers.
December 27, 2023 | 5:17 pm
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Boston Beer (NYSE:SAM) is optimistic about the future of cannabis-infused beverages, with their THC-infused iced tea line, TeaPot, highlighting growing demand. The company sees cannabis drinks as a promising alternative to alcohol, potentially reshaping adult consumption habits.
The article directly mentions Boston Beer's successful entry into the cannabis-infused beverage market with their product TeaPot. The growing popularity of cannabis beverages, coupled with the company's enthusiasm, suggests a positive outlook for SAM's cannabis-related ventures. This could lead to increased interest and investment in SAM's stock in the short term, especially as the cannabis market continues to evolve and expand.
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