The global cannabis beverage market could see strong growth moving forward. In fact, according to Global Industry Analysts Inc., the market could be worth $2 billion by 2026.
“The changing legal status of marijuana in a growing number of countries worldwide, including several US states, is attracting more and more food and drink companies to the vibrant cannabis beverages market.” That could create a massive opportunity for companies, such as Xebra Brands (CSE:XBRA), Aurora Cannabis (NASDAQ:ACB)(TSX:ACB), Canopy Growth (TSX:WEED) (NASDAQ:CGC), Tilray Inc. (NASDAQ:TLRY)(TSX:TLRY), and OrganiGram Holdings (NASDAQ:OGI)(TSX:OGI).
However, according to Grand View Research, the market could be worth $2.8 billion by 2025. “The rising popularity of wellness drinks is also expected to support the demand over the forecast period. The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks. As a result, many alcohol manufacturers are investing in the growing trend of marijuana-infused drinks,” they noted.