Exclusive news and research on the wine, spirits and beer business

Daily Archive: June 13, 2023

Bacardi Emphasizing RTD And Low-Alcohol Trends To Connect With Younger Generation

Bacardi is banking on prominent trends like RTD cocktails and lower-alcohol options as it aims to engage younger consumer demographics this summer and beyond. Continue reading →

Posted in News on June 13, 2023

Pernod Acquires Canadian RTD Player Ace Beverage For $124 Million

Pernod Ricard’s Canadian unit Corby has taken a 90% stake in RTD player Ace Beverage Group for C$165 million ($124m), with a path to full ownership via call options in 2024 and 2028. Continue reading →

Posted in News on June 13, 2023

News Briefs for June 13, 2023

•Taub Family Selections is adding to its range with Spain’s Palacios Remondo. Continue reading →

Posted in News on June 13, 2023

U.S. Cannabis Market Expected To Grow 12% To $30 Billion In 2023

The legal U.S. cannabis market is on track to approach $30 billion on 12% growth this year. Continue reading →

Posted in News on June 13, 2023

Amazon Endorses Federal Cannabis Reform

Seattle, Washington-based retail and logistics giant Amazon endorsed several pieces of legislation making their way through Congress that would reform the federal government’s stance on cannabis. Continue reading →

Posted in News on June 13, 2023

Cannabis Briefs for June 13, 2023

•New York regulators have finally begun cracking down on the 1,000-plus unlicensed cannabis shops operating in New York City. Continue reading →

Posted in News on June 13, 2023