coca cola investing in cbd

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Coca cola investing in cbd

Another big name that’s also been rumored to be interested in cannabis: Coca-Cola (NYSE:KO) .

A recent video suggested that the company will sell CBD-infused products in Canada.

Image source: Getty Images.

YouTube video sparks rumors about company’s interest

There’s just not enough of a market for cannabis beverages at this point for it to make any sense for Coca-Cola to get involved and potentially upset its loyal customer base. That’s one of the reasons one of the company’s key investors, Warren Buffett, also doesn’t believe that it would be a wise move for the company: it could damage the brand.

Coca cola investing in cbd

Coca-Cola shut down buzz that the beverage giant is eyeing the legal marijuana market in the immediate future.

Quincey added: “So that’s where we are.”

On Tuesday, Quincey seemed to throw cold water on industry buzz regarding a potential deal between Coca-Cola and a CBD maker in the near future.