Author: Bill Swindell

Major wine company invests in pot business

In a first for a major American wine company, Constellation Brands Inc. announced Monday that it will venture into the cannabis business, acquiring a 10 percent stake in a Canadian medicinal cannabis provider. The New York-based company — which owns such local wineries as Clos du Bois in Geyserville, Simi Winery in Healdsburg and Robert Mondavi Winery in Napa — said its $191 million stake in Canopy Growth Corp. would help in its efforts to “identify, meet and stay ahead of evolving consumer trends and market dynamics, while maintaining focus on its core total beverage alcohol business.”  The company, however,...

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