Daily Archive: April 30, 2024
News Alert: DEA To Reschedule Cannabis In Fundamental Shift For The Industry
As predicted in today’s SND Cannabis Edition, the Drug Enforcement Agency (DEA) has agreed to transfer cannabis from a Schedule I to a Schedule III drug, placing it in line with substances like ketamine. Now that the DEA has signed off, the White House Office of Management and Budget (OMB) must review the new rule, after which it will be subject to public comment before being implemented. Continue reading →
Posted in News on April 30, 2024News Alert: Beam Suntory Rebranded To Suntory Global Spirits, Aiming For $10B In Sales
It’s now been a decade since Suntory Holdings agreed to acquire the former Beam Inc. for $16 billion. As Suntory marks that milestone, it’s rebranding Beam Suntory as Suntory Global Spirits to reflect the increasing globalization of the business and the ambitious goals it has set for the future. Among them, the company is aiming to roughly double Suntory Global Spirits’ sales to $10 billion by 2030. Continue reading →
Posted in News on April 30, 2024Beer Distributors Ramp Up Expansion Into Wine And Spirits
Spurred by consumer trends and the search for new revenue streams amid a sluggish beer category, some of the nation’s largest beer wholesalers have been moving aggressively into wine and spirits in recent years. Continue reading →
Posted in News on April 30, 2024Campari Completes $1.3B Deal For Courvoisier
Campari Group has closed its previously announced acquisition of Courvoisier Cognac from Beam Suntory for up to $1.3 billion. Continue reading →
Posted in News on April 30, 2024News Briefs for April 30, 2024
•Symington Family Estates has announced the latest luxury Port in the W. & J. Graham’s family of fortified wines: 50 Year Old Tawny Port. Continue reading →
Posted in News on April 30, 2024Cannabis Beverages Drive Growth On 4/20
On 4/20, the unofficial cannabis holiday, retailers across the U.S. typically report a significant bump in sales, and this year was no different. Continue reading →
Posted in News on April 30, 2024
