The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market.
Anheuser-Busch InBev and Tilray Inc. said each would invest $50 million in the project announced Wednesday. The companies will study non-alcoholic drinks containing cannabidiol, or CBD, which some claim has calming and healing affects, and THC, the cannabis compound known for its psychoactive effects.
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Canada legalized recreational marijuana in October, leading to a surge in interest from beer and tobacco companies looking to invest in the market.
British Columbia-based Tilray Inc. has products available in 12 countries. Belgium-based AB InBev is the owner of hundreds of beer brands including Budweiser and Stella Artois.
