New Age Bev Launching Cannabis-Infused Drinks for Marley Bev

The cannabis market in both Canada and the U.S. is booming. Since Cannabis containing THC isn't legal federally or on the state level in the U.S., the legal cannabis compound CBD is especially taking off in America.

We have recently reported that a few beverage giants, like Coca-Cola, are looking into developing cannabis beverage lines.

One of those companies, New Age Beverages Corporation is no longer in the development stages. This week, New Age announced that it has created a cannabis-infused beverage for the Marley Beverage Company and will distribute the line in the next few months.

New Age & Marley Bev's new canned beverages dubbed Mellow Mood +CBD are infused with CBD and meant to relax drinkers.

New Age has partnered with Marley Bev, which is named after the reggae legend Bob Marley, into release other drinks and Mellow Mood beverages like the relaxation teas.

The three flavors–Herbal Honey, Lemon Raspberry, and Peach Raspberry have 25 mg of CBD in each 15.5 oz can.

“Marley and cannabis-infused beverages is kind of a match made in heaven,” said Brent Willis, New Age CEO to "BevNET." “In the beverage industry, people buy products based on functional benefits, based on taste, but they also buy based on the emotional connection that they have. With this brand, we are really bottling ‘don’t worry, be happy’ in a can.”

Although CBD is legal, the cans will first be available in Colorado, Michigan, Oregon, and Washington where all cannabis recreational use is legal.

At the end of last year, New Age announced that it was rolling out CBD-infused beverage lines at the 2018 National Association of Convenience Stores (NACS) trade show. The beverages for Marley appear to be part of the company's plan to emerge as one of the biggest players in the cannabis beverage market.

According to Willis, the Marley CBD line was a big hit at this year's Winter Fancy Foods Show and was the company's “most successful show ever.”

Read more about New Age & Marley’s latest venture at “BevNET” now.

We have been following the cannabis trend and specifically the CBD trend closely. Listen to the episode of The Barron report below to learn more about CBD infusions and how this company is thriving with its CBD products.

Cannabis Edibles Expected to be a $4.1 Billion Industry in the U.S. and Canada by 2022

Edibles

The cannabis Industry as a whole has morphed into a multibillion-dollar industry, but according to a recent study food infusions also known as edibles have much more potential.

Last year, in the U.S. alone, the edibles market accounted for $1 billion. This is significant considering marijuana is only legal recreationally in 9 states.

Tomorrow, Canada is rolling out legalized cannabis. With that in mind, Arcview Market Research anticipates that the edible market will be worth $4.1 billion by 2022 in both Canada and the U.S.

This tremendous growth is attractive to several beverage and snack giants.

Coca-Cola announced that that it is planning to get into the cannabis sector. The beverage giant made the statement after “Bloomberg” reported that the company is in talks with the Canadian cannabis company Aurora Cannabis, according to "multiple sources familiar with the matter."

But Coca-Cola isn't the only one jumping on the cannabis infusion bandwagon either.

“The edibles market is up for grabs. We’re already seeing mainstream beverage companies scrambling to take advantage of part of this significant opportunity,” said the Arcview Market Research report. “And when you consider that the investments made so far by these beverage companies, touches primarily the beverages subcategory, then you start to get a sense of the magnitude of the overall edibles market."

Molson-Coor announced that it's also working on developing a line of CBD-infused beverages in Canada.

Although the cannabis edible market is on the rise, there have been some recent challenges.

The Washington State Liquor and Cannabis Board announced earlier this month that cannabis-infused products that could be accidentally ingested by children like candies and lollipops will no longer be allowed to be sold.

Want more insights on how CBD is making an impact in the foodservice industry? Check out this recent episode of The Barron Report below.

Read more about the Arcview Market Research report on the cannabis edible industry at "Yahoo Finance" now.

Hotels are also Jumping on the CBD Bandwagon to Help Guests Relax

Hotels are also Jumping on the CBD Bandwagon to Help Guests Relax

Move over THC, CBD the legal non-psychoactive compound found in the marijuana plant is on the rise.

As cannabis legal states across the country are seeing an economic boom, states without legal recreational marijuana are seeing potential in the CBD market.

The Hemp Business Journal anticipates that the CBD market will be a $2.1 billion market by 2020, which would be a 700 percent spike from 2016.

Not only are restaurants in New York City and Los Angeles offering guests CBD-infused treats and beverages, but hotels like The James Nomad and the Standard Hotel are offering either room service menus or mini bars with foods featuring this derivative of the cannabis plant. 

“We’re always researching new ways to help our guests relax,” said James La Russo, a manager at the hotel, to “Moneyish.” “CBD extract is proven to have calming effects, easing anxiety and stress. With it being legal in all 50 states, we knew we wanted to get involved.”

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CBD-infused Cocktails, Ice Cream, and Desserts are on the Rise

CBD-infused Cocktails, Ice Cream, and Desserts are on the Rise

As the Cannabis industries are booming in states where the psychoactive drug is legal to sell, in non-legal states CBD is on the rise.

Legal CBD, known scientifically as cannabidiol, is also derived from the hemp plant but is unlike marijuana because CBD contains just a hint of THC, meaning it doesn't give you a "high."

CBD usage has become popular due to its multiple health benefits. 

“CBD has wonderful anti-inflammatory, anti-anxiety, anti-insomnia and pain management benefits, and is incredibly safe and effective,” said Brooke Alpert, an Upper East Side nutritionist to "amNewYork."

With that being said, we are seeing more CBD-infused food offerings show up on menus. 

The bar The Breslin at the Ace Hotel in New York is selling CBD brownies and cocktails. But, this bar isn't the only food business in the city jumping on the CBD-infused bandwagon. 

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