Cannabis

Regulatory Roundup: Beverage Alcohol Trade Groups Ask Senate Appropriations Committee to Increase TTB Funding; FDA and CDC Warn Consumers of Delta-8 THC Risks

Regulatory Roundup: Beverage Alcohol Trade Groups Ask Senate Appropriations Committee to Increase TTB Funding; FDA and CDC Warn Consumers of Delta-8 THC Risks

Beer industry trade groups are calling on the leaders of the U.S. Senate appropriations committee to allocate additional funds to the Department of the Treasury’s Alcohol and Tobacco Tax and Trade Bureau’s (TTB) 2022 fiscal year budget. The Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) issued warnings this week about the potential risks of Delta-8 — a form of the psychoactive cannabinoid tetrahydrocannabinol (THC).

Ayr Wellness Agrees Deal to Acquire Cannabis Seltzer Brand Levia

Ayr Wellness Agrees Deal to Acquire Cannabis Seltzer Brand Levia

Ayr Wellness Inc. has entered into a binding letter of intent to acquire 100% of Massachusetts-based Cultivana, the parent company of cannabis-infused beverage brand Levia, for $20 million, the two companies announced earlier this week. The transaction is for $10 million in cash and the rest in stock. An additional $40 million will be paid in shares based on performance in 2022 and 2023. The deal is expected to close at the end of this year.

People Moves: Shipyard Brewing Adds David Phillips as COO; Public Affairs Changes at the Beer Institute, Constellation Brands

People Moves: Shipyard Brewing Adds David Phillips as COO; Public Affairs Changes at the Beer Institute, Constellation Brands

Shipyard Brewing has appointed David Phillips as chief operating officer; Joe Heaton will depart the Beer Institute after serving as senior director of federal affairs for the national trade organization; and Constellation Brands has appointed Liz Lopez as VP of public affairs to lead on issues related to cannabis policy in the U.S.

Dale Katechis Discusses New Relationship with Veritas Cannabis

Dale Katechis Discusses New Relationship with Veritas Cannabis

Oskar Blues founder Dale Katechis made waves this month when he announced he was joining Veritas Fine Cannabis as an equity stakeholder and team member. The craft beer pioneer told Brewbound the cannabis industry piqued his interest several years ago, but it wasn’t until a friend from childhood who is now an investment banker introduced him to the Veritas team that he was ready to jump.

Houston’s 8th Wonder Launches Delta 8 THC Seltzer in Texas

Houston’s 8th Wonder Launches Delta 8 THC Seltzer in Texas

8th Wonder Brewery and Distillery in Houston released a Delta 8 THC non-alcoholic seltzer last week, advertised as the first Delta 8 seltzer product in Texas — a state that has been debating the legality of Delta 8 products in recent months.

Jones Soda Sets Stage to Enter Cannabis Market

Jones Soda Sets Stage to Enter Cannabis Market

Over two years after cannabis industry investment firm SOL Global took a minority stake in Jones Soda, the Seattle-based craft soda maker is finally preparing to launch infused edibles and beverages.

HEXO Announces New Plant in Fort Collins, CO

HEXO Announces New Plant in Fort Collins, CO

Canadian cannabis company HEXO Corp. has established its U.S. presence with the acquisition of a production facility in Fort Collins, Colorado. “This will be the first expansion into the U.S. market,” HEXO general manager of U.S. operations Charles Bowman told Brewbound. “There’s more forthcoming, but this is the bedrock. This is our foundation.”

Aphria Leaders Share Vision for SweetWater

Aphria Leaders Share Vision for SweetWater

With the proposed acquisition of Atlanta-headquartered SweetWater Brewing Company yesterday, Canadian cannabis company Aphria believes it’s on the path to becoming a vice industry powerhouse.